The statements coming from Meredith Whitney in this video interview with CNBC’s Maria Bartiromo could not be more blunt: the financial serves sector is weak, needs bailout money and investors will be diluted. As a result, she expects selling pressure to continue. She also mentions that a number of shotgun weddings are likely in order to stave off bankruptcy amongst weaker firms – the unstated quid pro quo obviously being bailout money for the acquirer.
This is a very good video to get a broad sense of the state of financial services.