Saturday, February 5, 2011

Soros Backs Up Meredith Whitney Warning on Muni Bonds

George Soros told a conference in Munich today that "in the coming two years you'll see something of a replay of the euro crisis in the United States in connection with the finances of the states and local governments," according to AP.

Will Charlie Gasparino now diss Soros for his warning, the way he has been going after Merdith Whitney? Will the Congressional subcommittee, headed by Congressman Patrick McHenry, ask Soros testify before his subcommittee and for his working papers that back upthis statement, the way they have asked Whitney?

Don't hold your breath.

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