Jan 28 (Reuters) - Citigroup Inc Chairman Richard Parsons spoke at a conference:
* Says President Barack Obama looking at aggregator bank
* says, regarding the economy, 'we're in a death spiral, and it only gets worse if there's no intervention'
* says aggregator bank could leverage up TARP capital, take trillions of dollars of assets from banks
* says aggregator bank could be set up such that taxpayers would not lose money in long run
* says speaking as private individual, not on Citigroup's behalf
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