Wednesday, February 22, 2012

Muni Doom: Meredith Whitney Is About To Seriously Double Down On Her Prediction


Meredith Whitney, the banking analyst who made a name for herself with a series of hard-nosed reports about the financial sector, is ready to plant her own literary flag according to Dealbook.

Ms. Whitney has signed a deal with Portfolio, an imprint of the Penguin Group, to write a book about the growing problems in the municipal bond market, according to a statement from the publisher. The book, tentatively titled “Downgraded: Why the Next Economic Crisis Will Be Local,” is expected to hit bookstore shelves in November.

In the book, Ms. Whitney – who shook bond markets with an appearance in 2010 on “60 Minutes” in which she predicted scores of municipal defaults – will “reveal why America’s cities and states are in deeper trouble than is commonly realized,” according to the publisher.

Read all about it at http://dealbook.nytimes.com/2012/02/21/meredith-whitney-lands-book-deal/

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