WWF comes to Wall Street?
Based on the introduction of new evidence, Alstry must retract his blog yesterday indicating Merideth Whitney seemed consistent with her analysis given on CNBC a few months apart. The problem is that she gave TWO interviews yesterday morning which came came off with very different perspectives leaving one with the question.....
Did the bankers buy off the banking babe?
Yesterday I blogged that Merideth Whitney's commentary on CNBC in the morning did not seem too different than what she said on the same network a few months ago.
But that was BEFORE I learned that she did a different interview a few minutes earlier with Becky Quick. The earlier interview was in a more scripted environment and the interview a few minutes later was more informal with two extra anchors thrown into the conversation simply bantering back and forth.
After reviewing the two interviews, taken just minutes apart, one begins to question whether this can be the same person making such seemingly contradictory statements.
A few months ago, this Merideth Whitney gave the following interview on CNBC:
In the above interview, she states the bank rally was overdone and stocks "grossly overvalued" justifying in part on the government intervening and enabling the banks to deliver earnings better than they could organically earn otherwise.
Then early in the morning, just a few months later and with seemingly little fundamental changes in banking, she appears to do a 180 turn, and recommends GS while putting other banks in a positive light, including J.P. Morgan, without offering much reasoning for her reversal?
One might argue that Ms. Whitney's GS call may possibly be logically consistent. However, her dramatic reversal on J.P. Morgan seems untrustworthy on its face in light of her earlier comments, and maybe something even more questionable if you factor the timing during options expiration week.
If the above is not mind boggling enough, just listen to her statements made just a few minutes later when she is seated in a more informal setting with a couple more CNBC anchors joining in.......Merideth seems to go back to her old perspective when the conversation is unrehearsed and apparently unscripted.
If it wasn't for the fact that she is wearing the same designer dress and her hair style identical, you would think that this couldn't be the same person making the above assertions just minutes apart on T.V. Then, factoring the earlier statements, made on the same network, just a few months ago, and with little intervening fundamental changes to banking, you begin to question veracity when Ms. Whitney was in the earlier controlled scripted environment versus her seemingly straightforward delivery in the more informal unscripted environment.
At this point, something just doesn't seem right. As one who has cross examined a number of witnesses, the impeachment value of the inconsistent statements above would make any trial lawyer salivate.