Thursday, November 20, 2008

Yee Yeeha! No Problem Buddy!

U.S. Needs to Pump $1.2 Trillion Into Banks, FBR Says

Nov. 20 (Bloomberg) -- The U.S. may need to spend another $1.2 trillion to recapitalize the eight largest financial institutions and stabilize the markets because private investors won't take the risk, an FBR Capital Markets analyst said. ``The sheer size of the capital deficiency, coupled with the opaque nature of credit risk, will keep private capital sidelined,'' Paul Miller said in a research note yesterday.

Posted by flintster1994 @ 07:08 PM (604 views)
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