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Financials need at least $1 trillion: analyst (Reuters)

November 20th, 2008

Pedestrians are reflected in the window of a Citibank branch in Hong Kong's financial Central District November 18, 2008. (Bobby Yip/Reuters)Reuters - The U.S. financial system still needs at least $1 trillion to $1.2 trillion of tangible common equity to restore confidence and improve liquidity in the credit markets, Friedman Billings Ramsey analyst Paul Miller said.


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