Thursday, April 26, 2012

How Bad is the Financial Situation in Illinois?

According to Meredith Whitney, things are so financially tight in some school districts in Illinois parents are required to separately pat for school busing of their children.

She sees serious financial problems ahead for California, New Jersey and Illinois.

On the other end of the spectrum, she likes the agriculture and commodity states that are 'right-to-work' where businesses are creating jobs. "There's opportunity from Texas all the way up to North Dakota, and you can play every industry on that basis," she said during a recent CNBC interview. "It's the agriculture-commodity belt — also the Right to Work states. That's where businesses are moving because it's easier to operate and create jobs. So you see a massive demographic shift to those areas."

Here's the full CNBC interview of Whitney:

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