On CNBC, Meredith Whitney Said Consumer Credit is the Next Shoe to Drop
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On CNBC, outspoken Oppenheimer banking analyst Meredith Whitney said consumer credit is the next shoe to drop. She said $2 trillion in consumer credit liquidity could be pulled.
On Citi (NYSE: C), Whitney said it may not have seen the worst even after the generous government rescue plan.
Whitney said all the banks she covers will need more capital.
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