Wednesday, July 15, 2009
Meredith Whitney, (the last analyst on Wall Street that has any credibility), told CNBC she liked the banks...SHORT-term. She said they were fantastic long-term buys and that they would never, ever, have a problem again. She also said, "Unemployment is likely to rise to 13% or higher and will weigh on the economy for several years, countering government efforts to stabilize the banking industry..."
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