Meredith Whitney: Wall Street's Biggest "Ponzi Scheme"

Is How It Keeps Investors In The Dark On Their Own Investments

Joe Weisenthal | Sep. 7, 2010



If you like Meredith Whitney, you'll definitely want to cut out an hour of time to listen to this interview on C-
SPAN. In it she talks about her background, how she made her famous call on Citi, the problems with regulation, and the problems with Wall Street monoculture.

Among her notable points: She slams (around the 33:00 mark) the Wall Street "Ponzi Scheme" of telling
investors they won't be able to understand their investments.



Summary

Meredith Whitney is a banking analyst who runs her own firm, Meredith Whitney Advisory Group LLC. She appears frequently on news shows on CNBC, Fox Business and Bloomberg News. Before starting her own business in 2009.


Sorry GAW there was no transcript I could post for you. Queenbee.