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Legendary short seller Jim Chanos backs Meredith Whitney on muni bond risk
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Monday, February 14, 2011
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From Newsmax:

Banking analyst Meredith Whitney's much-maligned call on municipal bonds is not so far off the mark, suggests Jim Chanos, chief of Kynikos Associates, a fund that focuses on short-selling.

Whitney, the former Oppenheimer & Co. analyst who called the financial crisis early and rode the wave of that call to form her own firm, now says to expect hundreds of billions of dollars in municipal defaults. She has since taken it on the chin from other bond experts for muni call, notably from chief investment officer...

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More on muni bonds:

Muni bond analyst: Meredith Whitney and Warren Buffett are "out of their league"

Must watch 60 Minutes story: This looming financial crisis rivals the subprime debacle

Top analyst Whitney stands by controversial call: Prepare for massive defaults and social unrest

Topics: Muni_bonds | Jim_Chanos | Cruxallaneous
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