ABC Evening News for Wednesday, Jan 14, 2009
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(Studio: David Muir) The announcement by Citigroup that it will sell off component parts due to deep financial trouble despite two financial rescues examined; details given about what banks are doing/not doing. [Egan-Jones Rating Co. analyst Sean EGAN†- says taxpayers should be infuriated: that there is something wrong with the regulatory system in the economy; states the failure of Citicorp would be catastrophic.] The components being spun off or sold listed. [Fox-Pitt Kellon analyst David TRONE†- assesses the sell-off.]
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