Times are tough for famed equity analyst Meredith Whitney.
Whitney — who gained national attention during the financial crisis for correctly predicting that Citigroup would have to cut dividends due to capital concerns — is down to just one full-time staffer at her eponymous advisory firm.
The Wall Street Journal recently reported Meredith Whitney Advisory Group has lost half its clients in addition to shrinking from five full-time investment professionals to one in the past two years.
Just a few years ago Wall Street was hanging on her every word. Not anymore. Whitney's new book "The Fate of the States: the New Geography of American Prosperity" calls that state municipal bonds are about to collapse, a prediction that has yet to materialize.
It may be a rough patch for Whitney, but once you know where she came from, you probably won't count her out.
Myles Meserve contributed reporting.
Meredith Whitney was an entreprenurial child, and would wake up at 5am on weekends to deliver papers.
While in high school, she would dress the part of a young female Wall Street analyst, pearls and all. Whitney attended the all-girls Madeira boarding school and did a post grad year at the Lawrenceville school.
She graduated with honors from Brown in 1992 as a history major. Whitney claims the deciphering skills she developed in college allowed her to better understand and link movements in financial markets
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