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Blog Archive » Wanted: $1,000,000,000,000 to bailout the financial system

Abnormal Returns found this 11/20/2008 on ftalphaville.ft.com

Yes, that’s 1 trillion, on top of, or taken from, the $700bn already contained in the Tarp. FBR Capital Markets has written a 15-page note arguing that the US financial system needs at least that in tangible common equity to restore confidence and improve liquidity in the fractured credit ...