Bailout for States and More Real Estate Trouble Coming,Whitney says Greg Hunter’s USAWatchdog
"Yesterday, as I sat and listened in my car, Whitney predicted tough times coming for state governments.
I wrote in February (America Has Its Own Pigs) that many states are basically bankrupt and, in an election year, will probably get a bailout.
Fast forward to today.
Whitney says underwater states will need a trillion dollar bailout.
That is another thousand billion added to the taxpayer tab!
Whitney said, “You have to look at the states and the risk that the states pose, because the crisis with the states will result in an attempt at least for the third near-trillion-dollar bailout.
That has consequences on the dollar that has consequences on just about everything.
It certainly has consequences on the US recovery.”
Whitney also predicts 80,000 financial sector layoffs coming for Wall Street."
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