BRIEF-Citigroup's Parsons says economy in 'death spiral,' Obama eyeing aggregator bank

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

((New York Equities Desk; tel: +1 646 223 6000))

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