Sept 29. (Bloomberg) -- Gary Townsend, chief executive officer of Hill-Townsend Capital LLC in Chevy Chase, Maryland, talks with Bloomberg's Betty Liu and Erik Schatzker about Citigroup Inc.'s purchase of Wachovia Corp.'s banking operations, the outlook for more bank failures and the health of the industry. (Source: Bloomberg)

00:00 Reaction to Citigroup's purchase of Wachovia
01:52 Outlook for bank failures; banking industry

Running time 04:20

Last Updated: September 29, 2008 09:49 EDT