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FBN's Charlie Gasparino says analyst Meredith Whitney is no longer considering opening a ratings agency.
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It's where Meredith -- remember her muscles.
Messing -- the ratings agency nowhere at least according to the Securities and Exchange Commission -- a senior correspondent Charlie Gasparino.
Without -- point out that a lot has happened between the time that Meredith Whitney -- once famous banking analyst who became an infamous municipal bond analyst.
-- time she could she basically since it doesn't tension wanted -- go higher 600.
Analysts pay them toward the 50000.
Dollars a year -- no big big bucks for adults -- do a reading sees that essentially.
Competes with Moody's and S&P what what happens -- -- was -- -- Muni call -- this is what we know right now.
With sources it's on the Fox Business Network is at Meredith Whitney is no longer considering opening -- -- indices these were people close to Whitney saying we should point out.
She is not return might might call for comment and hasn't for the last two years and have been reporting and Muni call.
But one way to check this is to check with the SEC.
In order to become a nationally recognized rating -- you have to make an application to the securities exchange commission she has not done that this is three years.
After she made -- that statement I believe it was to the Financial Times first dissension is gonna do this.
So we are here and essentially is that Meredith Whitney advisors is not going this way and now here's the the bigger question this firm that she has.
Exposed to do bank ratings the question is how much longer will this be of a significant firm at -- analytical firm.
And I can tell you that I think there's lots of rumors about this thing.
Potentially going out of business or -- Meredith Whitney teaming up with somebody else that the staff has -- into a fairly insignificant size.
It's kind of an interest -- story this was we should point out this was somebody during the financial crisis who is maybe did the most -- best known analysts during the financial crisis thank you someone came out -- the financial crisis.
We -- you know ahead -- -- that she actually broke off from Oppenheimer company and she was gonna didn't create a fairly large firm.
And this is a one now that -- -- when you hear from people that have -- pretty close in this firm.
That if she's not on our lastly she's pretty close -- -- this is not this is not a thriving business but what we do know.
Is that the readings he's part of it right now she is not apply to the SEC it's been three years since she made an announcement when I understand -- she is not going to do that.
What inspired -- to follow up on American political career past.
-- -- -- I mean you know just a regular old were reporting well I'll tell everybody my advice look up by see your face until -- so yeah -- so I figured she's in the news and you know.
-- my job I think -- to some extent.
Is -- well hold people accountable for what they say you know we know we as reporters get held accountable all the time when idled the fat cats accountable.
And one of the things inches in about marriage would be.
Is her claim first to start this -- she's that would rival Moody's and S and and it's no it's no we -- Others who want to hire her friend at that time you know people even even when she initially made the Muni -- -- and you know some -- wondering how it would pan out if at all.
There were still demand for her what do you think about now well there was demand for at that time MBS capital -- -- Is -- this disastrously wrong we should point out that the fox -- network was the first place to actually get people in the essentially the analysis.
Which was pretty light in the house has never really said which she went on TV and said the analysis was sort of -- broke -- about you know state and local basis state budget.
It did not talk about you'll hear the fifty places huge places that are gonna implode which is what she said fifty.
To a hundred large defaults hundreds of millions of billions of dollars would start defaulting.
-- -- when she said it back in 2000 late 2010.
You know that I'm going secondhand now I know some people are very very high and I know Jamie Dimon and the people -- JPMorgan like her.
I know some people that aren't very high and higher and I think -- business did it get there.
Hurt by that call and I think the reading -- aspect of it.
You know you this -- this is surmise say she's not returned my calls I mean by these these -- is like I'm talking to people this is what -- try to pieces together.
Clearly if she hasn't started her ratings -- by now the chances are.
You know.
It's not coming and she had big plans that thing if you remember what she said -- she was gonna hire 600 analysts this was going to be a major undertaking.
It if -- -- 600 analysts right now I think it is -- quiet is hiring on Wall Street amid layoffs and everything else.
Thanks Charlie I think Akamai always appear to the pavement that's for -- -- --
