Ben Thompson Reacts to Meredith Whitney's Muni Call (CNBC)
12/24/2010 09:17:00 AM
Ben Thompson, who managers $6 billion+ in municipal bonds (or fixed income) at Samson Capital, thinks Meredith Whitney is way off on her muni call (see her on 60 Minutes/CNBC). Does anyone agree with her besides Charles Biderman of TrimTabs? Keep an eye on this space. Municipalities across the Nation have massive budget shortfalls (google news) with an already stressed tax base, high unemployment and $3 trillion in muni debt outstanding.