Meredith Whitney: Struggling States Lack the Will to Change

“It’s a tale of two countries written by financial analyst Meredith Whitney, CEO of Meredith Whitney Advisory Group.

For the middle of the country — states like Nebraska, Iowa, Indiana and North Dakota — things are going great, she tells Newsmax TV in an exclusive interview. But the real estate-boom states like California, Arizona, Nevada and Florida are still in trouble.

As for the weak states, “sadly, in the worst examples of the housing bust and in the worst examples of cities and towns that are really on the decline and suffering from budget imbalances, you have the worst political situations,” says Whitney, author of the new book “Fate of the States.”

Watch our exclusive video….”

Full article