{"id":566825,"date":"2010-05-17T15:18:00","date_gmt":"2010-05-17T19:18:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/meredith-whitney-european-banks-much-worse-off-than-their-american-counterparts-2010-5"},"modified":"2010-05-17T15:18:00","modified_gmt":"2010-05-17T19:18:00","slug":"meredith-whitney-european-banks-much-worse-off-than-american-banks-second-half-for-stock-market-is-bleak","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/566825","title":{"rendered":"Meredith Whitney: European Banks MUCH Worse Off Than American Banks, Second Half For Stock Market Is Bleak"},"content":{"rendered":"<p>You&#8217;ve got hundreds of billions of recapitalization&#8217;s needed in Europe, says Meredith Whitney, who is speaking on CNBC this afternoon.<\/p>\n<p>And the fact that Europe is worse than the US is saying something, she says, since she&#8217;s definitely still not positive on US banks.<\/p>\n<p>Other than that, her interview appears to be a rehash of her <a href=\"http:\/\/www.businessinsider.com\/meredith-whitney-financial-reform-will-cause-tragic-unemployment-levels-for-an-extended-period-of-time-2010-5\">op-ed arguing that financial reform will kill jobs<\/a>.<\/p>\n<p>&#8220;It could be very bad.&#8221;<\/p>\n<p>As for specific aspects of financial reform that concern her: pre-emption (rules that would allow banks to move to different states and take advantage of lower interest rates in some markets) and interchange fees regulation.<\/p>\n<p>Specifically, she expects that interchange regulations will cream smaller banks to the benefit of the larger banks, hampering merchants&#8217; access to capital.<\/p>\n<p>As for the stock market: The second half will be &#8220;bleak.&#8221;<\/p>\n<p>Why?<\/p>\n<p><strong>No end demand from consumers, and a double dip in housing.<\/strong><\/p>\n<p><strong>Update: <\/strong>Here&#8217;s the video.<\/p>\n<p>\n<object id=\"cnbcplayer\" classid=\"clsid:D27CDB6E-AE6D-11cf-96B8-444553540000\" width=\"400\" height=\"380\" codebase=\"http:\/\/download.macromedia.com\/pub\/shockwave\/cabs\/flash\/swflash.cab#version=9,0,0,0\"><param name=\"type\" value=\"application\/x-shockwave-flash\" \/><param name=\"allowfullscreen\" value=\"true\" \/><param name=\"allowscriptaccess\" value=\"always\" \/><param name=\"quality\" value=\"best\" \/><param name=\"scale\" value=\"noscale\" \/><param name=\"wmode\" value=\"transparent\" \/><param name=\"bgcolor\" value=\"#000000\" \/><param name=\"salign\" value=\"lt\" \/><param name=\"movie\" value=\"http:\/\/plus.cnbc.com\/rssvideosearch\/action\/player\/id\/1496578146\/code\/cnbcplayershare\" \/><embed type=\"application\/x-shockwave-flash\" width=\"400\" height=\"380\" src=\"http:\/\/plus.cnbc.com\/rssvideosearch\/action\/player\/id\/1496578146\/code\/cnbcplayershare\" name=\"cnbcplayer\" pluginspage=\"http:\/\/www.macromedia.com\/go\/getflashplayer\" allowfullscreen=\"true\" allowscriptaccess=\"always\" bgcolor=\"#000000\" quality=\"best\" wmode=\"transparent\" scale=\"noscale\" salign=\"lt\"><\/embed><\/object>\n<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/meredith-whitney-european-banks-much-worse-off-than-their-american-counterparts-2010-5#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/PSXjibuq6N4\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You&#8217;ve got hundreds of billions of recapitalization&#8217;s needed in Europe, says Meredith Whitney, who is speaking on CNBC this afternoon. And the fact that Europe is worse than the US is saying something, she says, since she&#8217;s definitely still not positive on US banks. Other than that, her interview appears to be a rehash of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-566825","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/566825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=566825"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/566825\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=566825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=566825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=566825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}