Meredith Whitney Called To Testify Before House On Her Muni Call

Tyler Durden's picture

According to Charlie Gasparino, the intifada between Meredith Whitney and the rest of the world just got uglier. According to the former CNBCer, the one-time Citi scourge has been called in to testify before the House TARP committee and explain her less than favorable position on munis.

From Dow Jones:

Meredith Whitney has been called to appear as a witness at an upcoming hearing by the U.S. House TARP oversight subcommittee, Fox Business Network's Charles Gasparino reported Thursday.

Gasparino cited sources as saying the financial analyst, whose prediction of potential defaults totaling "hundreds of billions of dollars" is widely blamed for the recent selloff in municipal bonds, has declined the offer to appear at the Feb. 9 hearing.

The Financial Services and Bailouts of Public and Private Programs subcommittee, chaired by Rep. Patrick McHenry, might subpoena Whitney and the report in which she apparently made the prediction, Gasparino said.

Attendees at the hearing will include "experts who disagree with" Whitney's call, according to Gasparino.

We are not sure how this will change the fact that most municipalities are, in a word, insolvent.

Those who are curious to read an abbreviated version of M-Dub's report, can do so here - link.

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alien-IQ's picture

So does this make it official that it is now illegal to be bearish?

Village Idiot's picture

Where's Joe McCarthy when you need him!

Haywood Jablowme's picture


Just a matter of time before so-called "financial analysts and financial bloggers" around the USSofA show up in tomorrow's headlines as those "apparently committed suicide."

Let's get this show on the fuckin' road.  I'm ready to shoot a couple of these twat's heads off.  If my blood is spilt, fuck it.  As long as I can take at least 2 down with me, it's on.



tickhound's picture

ascistfay tatesay... itchezbay!

CU1981's picture

WE should all email her to SPEAK the TRUTH !! for our own sakes !!


Kill the beast ...

hambone's picture

Too much "truthiness"

Only way to go to jail is to tell the truth...all liars, cheats, thieves are immune so long as they hold protect their overlord brethren.

hambone's picture

Too much "truthiness"

Only way to go to jail is to tell the truth...all liars, cheats, thieves are immune so long as they protect their overlord brethren.

Rick64's picture

She is a financial Terrorist. National security at risk. Lock her up and send her to Guantanamo.

Turd Ferguson's picture

Where are all the "free speech" and "no censorship" a-holes on this one?

This wreaks of pure, unadulterated political harassment and intimidation.  

thedrickster's picture

Methinks Rick was joking...otherwise....

Tahrir square bitchez, I'm channelling inglorious bastards this evening.

Rick64's picture

Of course I was joking.

thedrickster's picture

I know, I know but I really do feel like channelling inglorious bastards this eve.

Is anyone else tired of wasting brain cells, drafting well reasoned logical points of discussion in a fruitless attempt to reason with perpetual adolescents suffering from a terminal case of stockholm syndrome?

Trolling is a far more satisfying and efficient way to confront nazis wherever one finds them.

Calmyourself's picture

You mean leftists?  Does not fit the narrative.. 

Thanks for ATW..

the rookie cynic's picture

Word on the hill is that a Mr. O'brien will be doing most of the questioning and "re-education." Also, the Capitol is being renamed "The Ministry of Truth."

Amschel's picture

I always hated CNBC,and the government goons.But this is damn hilarious.

They went bonkers.CNBC and the Godamn Government.

Bob's picture

Whadya mean?!  She violated, in brazen and public fashion, the Green Shoots Law of the land.

Sounds like treason to me.

dondonsurvelo's picture

Move over Martin Armstrong.

william the bastard's picture

Bill Torquemada Gross has issued calls for inquisition, the lawgivers obey.

aldousd's picture

actually, yes. you're right. funny as that is.

trav7777's picture

in McCarthy's defense, it turned out that a lot of the people he was accusing of being communists did in fact turn out to actually have been communists when the files got released decades later

EscapeKey's picture

Carroll Quigley disagrees. In "Tragedy & Hope", he states McCarthyism pretty much was a complete failure, although of course, that wasn't decades.

william the bastard's picture

Before it was a failure it was a success. Ditto Hilter, Tojo, Stalin, Kaiser, Napoleon, Czar Nicholas, Mubarak, Hannibal, PeeWee Herman,  &c, &c, &c.

KickIce's picture

They all start out for the people, it's not until they gain power that you see them for who they really are.

KickIce's picture

sure, look at some of the stunts he pulled once he got celeb status.

jeff montanye's picture

i like peewee.  i guess (it's only a guess) the "stunts" weren't that new, just that people noticed.  that was new.  that and the overdose of police.  didn't kill him like it did lenny bruce so that's something.  probably doesn't belong on a list with stalin, hitler and napoleon though.

Orly's picture

I couldn't wait for Saturday morning to watch PeeWee talk to the King of Cartoons, Chair-y and the gang.  PeeWee's Big Adventure is still a favorite movie.

"Oh, silly.  There aren't any basements at the Alamo."



Loves it!

hardmedicine's picture

Here I thought I was the only one who got up early on Saturdays to watch Pee Wee... I loved Chairy. 

Calmyourself's picture

Quigley was mostly wrong Trav is mostly right.. State was full of them, probably still is..

Village Idiot's picture

Anyone who justifies the good that McCarthy did in routing out communists as compared to the damage that he and his cronies did to innocents is smoking something.  History has pretty much ruled that the collateral damage wasn't worth it.


Bob's picture

Yes, it seems somebody learned a different lesson from that chapter in our nation's illustrious history.

Eric The Red's picture

Where can I sign up to be one of McCarthy's former targets?  It's a badge of honor.

Village Idiot's picture

"Where can I sign up to be one of McCarthy's former targets?  It's a badge of honor."


Especially if you weren't communist and were powerful enough to tell the guy to go pound sand. Talk about abuse of power.  Fuck Joe McCarthy, I spit on his grave. 


Things that go bump's picture

I don't think being a communist is or ever was actually illegal in the United States.  How could it be? 

jeff montanye's picture

not nearly as bad then as being a whistleblower today (cf. bradley manning, etc., etc.).  then you just had your career ruined, were a pariah, and were bankrupted by legal expenses.  now they got you in permanent solitary prior to trial and can tell you you're lucky you didn't get on the executive assassination list.  are this country's leaders great or what?

Auberon Herbert's picture

It's still illegal to be a communist if you want to (legally) immigrate to the US. Snares a lot of Chinese who joined the party because it was the thing to do to get ahead.

essence's picture

Oh no, I won't junk you.
Why, you're merely stating the truth.
Granted Americans apparently "can't handle the truth", but then that's their weakness.. isn't it.

But let me ask this to you all out there

Would the U.S. be any more fucked if the commie gremlins McCarthy led a witch hunt against .... had in fact had an impact.

I mean, all the dark forces that Ike cautioned against in his farewell speech did in fact prevail. The Military/Industrial Complex and Wall St/Big Banks have a strangle hold on the U.S. government now. Fact.
Even standing U.S. Senators have acknowleded that publicly so there's no denying this. And let's not even break up the topic of wall streets nigger ...Obama.

would .. no, make that COULD ...  the U.S. be anymore fooked now if commies had gained a minor toe hold back in the 50's?

what's worse ... a smign of communism or rampant, taken control facism?





Village Idiot's picture

In the words of JW  from FL - Preach, Brother!!

Bob's picture

Sadly, you make a powerful point.  It's ironic that the risks of the decline of our quasi-Capitalist system into lawless neo-feudalism were obvious to the socialists. 

Perhaps that is the real reason it was so desperately important to marginalize and demonize them. 

Will the charge of "socialism" still be an effective defense against reform when 1% of the population owns 95% of world assets?  It shouldn't be long now . . .

fragrantdingleberry's picture

"Mrs. Whitney, are you now or have you ever been a bull?"

Dapper Dan's picture

You will sinze zee papers old man.  Well what do the say?

Merely that you have not been mistreated.

Cheech and Chong circa 1970

Henry Rearden's picture

Joe McCarthy is both singing and doing cart wheels right now.  The "red dream" officially died today!