Meredith Whitney- State of Muni Finances

Before starting her own company in 2009, Meredith Whitney was a Managing Director and principal analyst of financial institutions at Oppenheimer & Co. Inc. Whitney graduated with honors from Brown University with a Bachelor's degree. She appears frequently on news shows on CNBC, Fox Business and Bloomberg News.

Meredith Whitney is 60 minutes talking tonight about the dismal state of Muni Finances. She’s predicting more than 50 standards in the coming year. States financial stress can trigger a "spate" of fault between the local municipalities, Whitney, who correctly predicted Citigroup Inc. said the dividend cut in 2008, in the same segment on "60 Minutes".