Financials need at least $1 trillion: analyst | Reuters

Financials need at least $1 trillion: analyst | Reuters

Of course they do.  And then they will need more, and more, and . . . . .   Why should it ever stop now?  All illusion to corporate America, let alone every day Americans, having a need to be personally responsible for their actions, left with the initial AIG bailout in July.  The barn door is open, the stopper is out of the Genie's bottle, the dam has burst . . . . well, you get the idea.

Financials need at least $1 trillion: analyst

(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.

Eight financial companies -- Citigroup Inc, Morgan Stanley, Goldman Sachs Group Inc, Wells Fargo & Co, JPMorgan Chase & Co, American International Group Inc, Bank of America Corp and GE Financial -- are in greatest need of capital, he said.