Meredith Whitney speaks, muni market yawns

Market sceptical of prominent bear's new warnings on muni-bond market

Professional scary person Meredith Whitney took to the op-ed pages of The Wall Street Journal this morning to sprinkle some more of her fear dust on the muni-bond market.

Municipal bond holders will experience their own form of contract renegotiation in the form of debt restructurings at the local level. These are just the facts.

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