It’s amazing how much media attention this woman gets. She was voted “Power Player of the Year” in 2008, over actual power players like Jamie Dimon, Ben Bernanke, and Hank Paulson.

Meredith Whitney correctly predicted the credit crisis and has been a perma-bear. Yes, props for being on the right side so far, but there have been others that have correctly.

Of course, she gets more attention since she’s a good-looking, well-spoken blonde instead of some hedge fund nerd.

She’s recently said she is more bearish than ever. Hmmm, often these bears who are correct initially stay bearish too long.

In the article, she talks a lot about local banks being better. At first, I thought she made a good point. But then I thought about it. How much more about me, a small business owner and consumer, would a local bank know more than my chain? It’s not like the local bank has better customer service. If anything, the efficiencies of scale should allow the large banks to ‘localize’ at a cheaper price than a local bank.

Also, she has come out against the Obama $500k pay cap, saying it won’t attract the best and the brightest to wall street.

First, I highly doubt these CEO’s that made tens of millions of dollars and have plenty of shares of stock need any more money. If anything, they made a ton of money taking risks that we later found out were bad bets.

Second, quite frankly, if what we have is the best and the brightest, perhaps let’s get a different group of people running these banks, since clearly the ‘best and the brightest’ haven’t done a good job so far.

Here’s a recent interview she did with Bloomberg: