"Rotting assets and manufactured earnings" HOT Meridith Whitney trashes banks

Of course CNBC will invite Whitney back. They have invited Tavakoli back multiple times, and she has said some very specific negative things.

For example, in this August 2007 video, Tavakoli says Bernanke should stop doing his hopework on Wall Street and people feel they are being lied to. Strong stuff. Her loss figures are shown on in the video. They were multiples of Bernanke's:

www.tavakolistructuredfinance.com/TST002-001.wmv

CNBC likes controversy.
 
Quote from Greg Richards:

Of course CNBC will invite Whitney back. They have invited Tavakoli back multiple times, and she has said some very specific negative things.

For example, in this August 2007 video, Tavakoli says Bernanke should stop doing his hopework on Wall Street and people feel they are being lied to. Strong stuff. Her loss figures are shown on in the video. They were multiples of Bernanke's:

www.tavakolistructuredfinance.com/TST002-001.wmv

CNBC likes controversy.
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CNBC likes controversy but usually only when it bypasses the real issues and truth and focuses on the BS. They love having two meathead analysts/advisors go up on screen and debate whether the bailouts should go to GM or the airlines.

This was a rare look at the real facts on CNBC.
 
Of course Whitney is 100% correct.

She'll be a star for years, as the economy and banking sector disintegrates into an even bigger pile of steaming shit than it has to date.

Screw CNBC. If they don't want the ratings from Whitney appearances, other media, cable, network and radio will beg and plead with her to come on.
 
Quote from Greg Richards:

Great post, Debaser82. Thanks!
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Agreed.

That's a fantastic link, debaser.

As always, some on here can be counted on to provide some intellectual heft to every thread they contribute to.

Great thread, too, Greg.
 
Quote from 1flyfisher:

http://www.bloomberg.com/apps/news?pid=20601109&sid=a4tlOicgfOJc&refer=home
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Yes, great point. Even Tavakoli said the funding subsidy is such a huge advantage that the spread will allow a lot of banks to absorb losses as they come in. Saw her on Fox and she said she was redoing her numbers to take into account write-offs to date in the global banking community saying it was around $1.3 trillion so far (mortgages, commercial realestate, consumer loans and more) according to Bloomberg plus what is to come, and then look at the spread income. But she said she wouldn't have it for a couple of months, and even then hard to compare across banks and venues. She agrees with Faber about inflation, but we're still deleveraging. The banks are a special situation, because we are propping them up.
 
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