Meredith Whitney isn't just sticking by her call that U.S. municipalities face a wave of...

|By:, SA News Editor

Meredith Whitney isn't just sticking by her call that U.S. municipalities face a wave of defaults, she goes a step further in forecasting an exodus from the muni bond market. "When you have the first group of defaults, you will see indiscriminate selling... Because there has been such complacency in the market and muni investors have been talked down to for so long... they'll just fly."