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Thank You Sheila Bair

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    Thank You Sheila Bair
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    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.

    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

    Stay Nimble!

    Stephen Leahy

    Back Bay FX Services, LLC

    www.backbayfx.com

    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.

    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

    Stay Nimble!

    Stephen Leahy

    Back Bay FX Services, LLC

    www.backbayfx.com

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