Meredith Whitney was right. No, there weren't "50 to 100 sizable defaults" in muni bond markets,...

|By:, SA News Editor
Meredith Whitney was right. No, there weren't "50 to 100 sizable defaults" in muni bond markets, but as Duff MacDonald writes, her general point that municipal finances were a mess and would get worse was spot on. "Laugh at her all you want, but then try this: Go find one person who says their local taxes are falling or their municipal services have improved... I wish you luck."