NEW YORK ( TheStreet) -- TheStreet's Gregg Greenberg met with banking analyst Meredith Whitney, author of "Fate of the States" to discuss the possibility the state of Illinois could declare bankruptcy.Conversation about Illinois going bust appears to be gaining steam, especially after the state was downgraded by both Moody's and Fitch.
Quick Take: States Are in Trouble, but Illinois Won't Drop Dead Soon
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