Last week I advised Meredith Whitney, the uber-bank analyst from Oppenheimer, that she had done all she could do with regard to banking sector prognostications. She hasn't followed my advise. Here she is on CNBC talking about banks being in the crapper for the next 18-36 months.
I was really hoping that when she was asked her opinion about the banking sector, she would have said something along the lines of what Sarah Palin did at the Vice Presidential debates in October. Something like,
"I really don't feel like talking about banks anymore. They suck and will continue to suck. What I really want to talk about is how the New York Yankees could pay C.C. Sabathia $140 million over six years when the guy has pretty much shopped the team's bid for a month. Clearly, coming to New York wasn't his first choice. The Yankees have had plenty of experience signing guys that can't cut it on the big stage. It always ends poorly. Additionally, Sabathia is a large man. Some would even say, a large fat man who has the ability to put on fifty pounds in the off-season easily. Fat pitchers with great long careers like Mickey Lolich or David Wells are the exception not the rule. Therefore, I am downgrading the Yankees to another year without a playoff appearance."
That would have been cool.
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