Tea Party Made Up of 'Freaked Out White Men': Whitney

“Call it Tea Party, whatever you will, the fringe element is I characterize (as) freaked-out white men who are unemployed and have been unemployed for three years and they’re scared to death,” she said. “Three to four million of them are about to roll off unemployment benefits in the next three to four months. This is only going to get worse.”

CNBC, 10 Aug 2011

Meredith Whitney, whose research note on Citigroup in late October triggered a $369bn sell-off in global equities warns Citigroup will be one of the banks to be hardest hit by a collapse in the monoline sector, along with Merrill Lynch and UBS.

Meredith Whitney