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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (91740)	12/2/2009 9:27:54 AM
From: fred woodall	Read Replies (1) of 94695

Moody's: Post 3Q09, Us Banking Outlook Continues To Be Negative New York, December 02, 2009 -- In its latest quarterly report on the US banking system, Moody's Investors Service reiterates its opinion that substantial asset quality issues remain for rated US banks. "We believe rated US banks have recognized approximately 40% of the loan charge-offs that will be realized from 2008 to 2010," said Moody's Vice President -- Senior Credit Officer Craig Emrick. Moody's anticipates these losses will continue to make many US banks unprofitable in 2010.

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