Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Hawkmoon who wrote (113236)	7/23/2010 8:48:32 AM
From: Haim R. Branisteanu	Read Replies (2) of 116555

Hawk, to put things in perspective re EU v US - how many banks failed in the US in 2010 to date - 6 1/2 months only fdic.gov The media and talking heads make so much noise with the EU test of banks. I am not sure how many banks within the EU went belly up but it is obvious that in the US over 96 banks went belly up and the FDIC run out of money. On average those banks had between $200 to $300 million, in assets - this adds up to about 2 to 3 trillion in assets in 6,5 months in 2010 alone!! The hair cut is something in the 200 to 400 billion for those institution to go BK. In a cumulative way more than Bear Sterns etc. This amount is staggering but for some reason no one care in the financial markets

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