Meredith Whitney 'Bank Layoffs Coming 'Bad as I've Seen' here we go again ! They need more money for their Christmas Bonuses !

"Though banks already have jettisoned about half a million workers since the beginning of the financial crisis in 2008, Whitney said more are to come as the shrinking big institutions struggle to compete."

500,000 people getting cut out of jobs. Sounds like either continued computer automation or there's less people that use banks as had been done in the past (such as for investing)...

I saw her on CNBC yesterday and she seems to be backing up on her claim of a Municipal Bond collapse

Muni bonds are up 12% this year