Meredith Whitney Says Investors Should Avoid Banks ‘At All Costs’
May 18, 2010 at 00:31 AM EDT
Meredith Whitney told CNBC’s Maria Bartiromo that investors should “avoid financials at all costs, particularly in the banking sector” because the financial reform bill currently contemplated by the Senate will further restrict capital and hurt bank earnings. “Politicians have proven far worse than our worst expectations,” she said during the interview. “It could be very bad [...]