Banking analyst Meredith Whitney talks about the outlook for financials.
Cliff notes:
- First five minutes of the tape on Banks
- Gets to the drop in housing prices at the five minute, thirty second mark.
- "I think you’ll see a directional turn," Whitney said in a live interview. "Banks will make a little money, as little as a penny a share, but they won’t lose money."
- Said she expected home prices to fall another 30 percent, contrary to some predictions that housing may have bottomed.(link refers to Diana Olick--yikes)
Banks' 1st-Quarter Results May Show Improvement: Whitney
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