by Ashley Muchow Meredith Whitney, former banking analyst, and current CEO of Meredith Whitney Advisory Group, doesn’t see anything short of fiscal ruin for a handful of U.S. states. In a Bloomberg interview, Whitney holds up states as the new systemic risks to the U.S. economy.  Her company’s latest report, appropriately titled “Tragedy of the Commons”,...

by Amanda Griffin-Johnson In the Examiner last week, I outlined how Illinois’s credit rating fell as it continually failed to address the state’s dire fiscal condition. The state’s credit swap costs surpassed California’s, and now the costs have reached record highs. Bloomberg reports that the “cost of an Illinois credit-default swap has more than doubled since April 5 to a...