27 August, 2009 by Stephen Leahy
Boston August 27, 14:32 EST
Sheila Bair, the head of the FDIC came out at a press conference and noted that the list of banks that land on the FDIC’s “Troubled Bank” list has grown to 416. The FDIC’s reserves may be wiped out in coming years.
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Our medium term Long EUR/USD position seems to be the main benefactor of Ms. Bair’s comments. Thank You!
full story at www.bloomberg.com
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