You're either making money or you're not. If you're not making money get out of the business.

- Meredith Whitney

There's not a doubt in my mind that you will see a spate of municipal-bond defaults.

- Meredith Whitney

Municipal debt outstanding doubled in the past 10 years. And in the past 30 years, the U.S. has been in real economic nirvana.

- Meredith Whitney

At a certain point, you can't tax people beyond a certain level.

- Meredith Whitney

People knew that Murdoch's media estate in the UK was too powerful and it was doing very unpleasant things.

- Meredith Whitney

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.

- Meredith Whitney

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.

- Meredith Whitney

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.

- Meredith Whitney

Every day things get better because politicians are addressing the fiscal challenges more aggressively.

- Meredith Whitney

You have to know what you own. You have to really do your homework in terms of knowing what supports your bonds.

- Meredith Whitney