Meredith Whitney, an analyst who warned on Citigroup’s (NYSE: C) balance sheet before the credit crisis, touched off a firestorm last year when she forecast a rash of defaults in the muni bond market. She has faced a backlash on Wall Street over her controversial call, but the recent developments in New Jersey and Minnesota only strengthen her case. [Muni Bond ETFs Rise as Meredith Whitney Sticks to Her Guns.]

Muni bond ETFs include:

  • iShares S&P National AMT-Free Municipal Bond Fund (NYSEArca: MUB)
  • SPDR Barclays Capital Municipal Bond ETF (NYSEArca: TFI)
  • PowerShares Insured National Municipal Bond Portfolio (NYSEArca: PZA)

For more information on U.S. state bonds, visit our municipal bonds category.

iShares S&P National AMT-Free Municipal Bond Fund

Max Chen contributed to this article.