You are here: Home » Financial Institutions » Meredith Whitney: “I would diversify out of financials here”

Meredith Whitney: “I would diversify out of financials here”

The statements coming from Meredith Whitney in this video interview with CNBC’s Maria Bartiromo could not be more blunt:  the financial serves sector is weak, needs bailout money and investors will be diluted.  As a result, she expects selling pressure to continue.  She also mentions that a number of shotgun weddings are likely in order to stave off bankruptcy amongst weaker firms  – the unstated quid pro quo obviously being bailout money for the acquirer.

This is a very good video to get a broad sense of the state of financial services.

About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

• View all posts by Edward Harrison →
• Blog
• Twitter
• Facebook
• Google+

• Meredith Whitney: more bearish than ever, but… 1 Dec 2008
• Quality financials are out there 18 Jul 2008
• Investors in Financials lose $10 billion 16 Jun 2008
• Financials: catching a falling knife 15 Jul 2008
• Measuring P/E Ratios for Financials 16 Jun 2008