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The minuet moves forward

Richard Clarida of Pimco, who previously served at the US Treasury, discusses the “stress tests” of the largest 19 banks, their possible need for further recapitalization or restructuring and where the necessary funds can come from…. the question for our nation becomes… “will Congress allocate additional public funds to recapitalize these institutions?”

(Bloomberg… running time = 4:45 minutes)

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