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Meredith Whitney defends her 60 Minutes claim that a wave of municipal defaults will spark a...

Dec. 21, 2010 5:50 PM ETBy: Carl Surran, SA News Editor61 Comments
Meredith Whitney defends her 60 Minutes claim that a wave of municipal defaults will spark a selloff in muni bonds, hurting economic growth and causing "a lot of social unrest." And there won't be any bailouts, she says: "Who in Nebraska's going to want to bail out someone in Florida?" These 16 cities face bankruptcy without big cuts.

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