Meredith Whitney: Municipal Bond Crisis Isn’t Over

Meredith Whitney appeared on Squawk Box today to discuss the municipal bond market.  She received a lot of attention for her forecast last year of defaults in the muni bond market.  She says she still has conviction and “knows she’s right” that there will be trouble in that market.  During the interview she said she believed there will be a large number of muni defaults and she also believed the housing market nationwide still has to fall by more than 10% before the bear market is over.