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WE NEED STRONG BANK SUPERVISION IN ALL SEASONS. CLEARLY, THIS EPISODE INDICATES THERE IS MORE TO DO ON THAT FRONT. THE BANKING SYSTEM IS RESILIENT. I THINK THE CONTAGION IS LIMITED FOR THE SAME TEMPLES COULD COST MORE ON THE BANKS. ENTANGLED FINANCIAL INSTITUTIONS IS WHERE THAT IS FEAR. ANNOUNCER: THIS IS BLOOMBERG SURVEILLANCE WITH TOM KEENE, JONATHAN FERRO AND LISA ABRAMOWICZ. JONATHAN: WE ARE ALMOST THERE. GOOD MORNING. EQUITY FUTURES ON THE SP 500 INDEX, POSITIVE 0.1%. IN AMERICA, RING OUR BEST TO INSPIRE CONFIDENCE IN THE AMERICAN BANKING STONE. TOM: IT IS NOT THE CRISIS FRIDAY WE SAW. THIS IS NOT OVER THIS MORNING IN THE SAME CAN BE SAID FOR AMERICANS WAKING UP IN RADIO AND TELEVISION. IT IS REAL SIMPLE. CREDIT SUISSE DESERVES FRIDAY SCRUTINY AS WELL. JONATHAN: UBS DOES NOT WANT TO BE A DANCE PARTNER. TOM: THE BLOOMBERG TEAM DID SOME REALLY NUANCED REPORTING. WELL GET INTO IT WITH FIRST REPUBLIC BANK. I THINK ITS TOO REAL IS ALMOST WHERE WE ARE. NONE OF THIS IS I