Thank You Sheila Bair

27 August, 2009 by Stephen Leahy Boston August 27, 14:32 EST Sheila Bair, the head of the FDIC came out

27 August, 2009 by Stephen Leahy

Boston August 27, 14:32 EST

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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

Stay Nimble!

Stephen Leahy
Back Bay FX Services, LLC
www.backbayfx.com

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