She's back, with a cautious outlook for 2009. Meredith Whitney, analyst for Oppenheimer & Co., was dead on a year ago when she found several of Wall Street's biggest investment banks to be technically insolvent. Since she first sounded the alarm, Citigroup has been broken apart, Lehman Bros. has gone bankrupt, and Merrill Lynch would have gone bankrupt had it not been taken over by Bank of America. Now it is Bank of America that gets to go bankrupt, taking with it the tens of billions of bailout bucks. [TARP now stands for Taxpayers Are Rightfully Pissed.]
[update, February 18, 2009--]
She's gone...to start her own firm.
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