Banks need more rescue funds

01/14/2009 | NYTimes.com · Wall Street Journal, The

President-elect Barack Obama, Federal Reserve Chairman Ben S. Bernanke, congressional Democratic leaders and industry insiders seem to have realized that the banks need more money. "More capital injections and guarantees may become necessary to ensure stability and the normalization of credit markets," Bernanke said. Citigroup, which is looking to break itself into parts, is perhaps the most visible example that the banking system requires more help.

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