The Long and Short of Financials
Muni-bear market strategist Meredith Whitney made another splash on CNBC yesterday by repeating her prediction that shareholders, not lawmakers, will force the largest U.S. banks to become "a lot smaller." Her comments followed the hysteria over former Citigroup (C) CEO Sandy Weill's earlier statement that banks should probably be broken up.
Meanwhile, investors have seemed not to care, as shares of major banks have barely trailed the broader market's 4.5% rally that began, ironically, on the very day (July 25) that Weill opened Pandora's box....881 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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