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All Quotes by author - Meredith Whitney
" At a certain point, you can't tax people beyond a certain level. "
Point
Level
Tax
" Every day things get better because politicians are addressing the fiscal challenges more aggressively. "
Day
Challenges
More
" Municipal debt outstanding doubled in the past 10 years. And in the past 30 years, the U.S. has been in real economic nirvana. "
Debt
In The Past
Past
" People knew that Murdoch's media estate in the UK was too powerful and it was doing very unpleasant things. "
Doing
Media
Things
" The more we can do to address fiscal austerity, the better our markets will do, and there is a real political shift to doing that. "
Real
Will
Better
" There are great municipal investments out there, but on a blanket basis you have to be really careful about knowing what cash flows are supporting your investments. "
Knowing
You
Your
" There's not a doubt in my mind that you will see a spate of municipal-bond defaults. "
Doubt
See
Mind
" You can make great money in a utility type of business by borrowing cheaply and lending sensibly but that's not what's being done. "
Done
Business
You
" You have to know what you own. You have to really do your homework in terms of knowing what supports your bonds. "
You
Your
Homework
" You're either making money or you're not. If you're not making money get out of the business. "
You
Making Money
Out
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