Meredith Whitney
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| Meredith Whitney | |
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| Occupation | Founder and CEO |
|---|---|
| Employer | Meredith Whitney Advisory Group |
| Location | New York |
| Website | www.meredithwhitneyllc.com |
Meredith Whitney is a well known banking analyst and founder of the Meredith Whitney Advisory Group. Whitney was in the papers for making bearish calls on the banking industry including an accurate prediction that Citigroup would cut dividends in 2008. She also joined Warren Buffett in raising alarms about the $2.8 trillion municipal bond market and it's potential for widespread defaults. [1]
Whitney said in September 2010 that the United States is in so much financial trouble that the Federal Reserve will have to inject about a trillion dollar stimulus package, for the third time, to fix the budget gap. [2]
Background
Whitney began her career at Oppenheimer & Co. in 1993 as a research associate covering the oil and gas industry. She joined the company's Specialty Finance Group in 1995. In 1998, she took a job at Wachovia to lead financial institution research at the bank. She returned to Oppenheimer in 2004 but left five years later to start her own company, the Meredith Whitney Advisory Group. [3]
In November 2010, it was announced that the Meredith Whitney Advisory Group is seeking SEC approval to become a rating agency. They are setting themselves up to compete with Moody's Investors Service and Standard & Poor's. [4]
Education
Whitney graduated from Brown University.
References
- ↑ Whitney Says States May Need Federal Bailout in Next 12 Months. Bloomberg.
- ↑ Meredith Whitney Is Bearish Across The Financial Services Sector Except Mastercard. Guru Focus.
- ↑ Bio. Meredith Whitney LLC website.
- ↑ Meredith Whitney Is Starting Her Own Credit Ratings Agency. Business Insider.
