Whitney: U.S. Out of Ways to Boost Economy
Meredith Whitney feels pessimistic about the economy and financial system, because the government has run out of ways to provide support.
“The government has played such a ... central role in the capital markets this whole year. You’ve really had to bob and weave around what they’ve been doing,” she told CNBC.
The government has kept credit markets afloat by supporting the housing market, buying agency paper etc., Whitney said. “I think they're out of bullets."