Meredith Whitney: The U.S. Government Is out of Bullets [View article]
Meredith Whitney is correct in her analysis. General Motors was a microcosm of our overall problem; servicing 20th century debt levels with 21st century cash flows. The same dilemma is affecting states like California this year and more states in 2010. Hard choices must be made in this new de-leveraging economy.
Meredith Whitney: The U.S. Government Is out of Bullets [View article]
If Goldman Sachs' Secret Sauce Is Compromised, What Happens Now? [View article]