*U.S Bank Failure hits 105 for the year 2009 closing 1992 record ** http://prabhakar-views.blogspot.com* <http://prabhakar-views.blogspot.com/>* *
* * *Note: U.S Unemployment is 10% and it would take 2-3years for the situation to improve increasing the risk of more loan default, so more Banks are likely to fail in next few year creating more pressure on FDIC which has already asked Banks to prepay 3Years of three years of insurance premiums which will be very high for big banks. * *http://www.marketwatch.com/story/bank-failures-hit-100-for-year-2009-10-23 * *Bank failures hit 105 in U.S for the year 2009, Credit Sights, which tracks the dismal data, predicts that in the current cycle, from 2008 through 2011, as many as 1,100 banks will fail. That would wipe out 13.4% of all U.S. banks, representing 7% of U.S. banking assets. * *http://www.fdic.gov/index.html * [image: bank.jpg] http://www.bloomberg.com/apps/news?pid=20601087&sid=aRAPfpaTl3d8 *Regards* *A.K.Prabhakar* * * *Equity Analyst * *[email protected]* *[email protected]*** *Disclaimer:*** *This represents views based purely on Technical studies. The information and views presented in this report are prepared by A K Prabhakar. The information contained herein is based on my analysis of the Charts and up on sources that I consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither A K Prabhakar nor any person connected with him accepts any liability arising from the use of this information and views mentioned in this document. **A K Prabhakar and his affiliates may hold long or short positions in the above-mentioned companies from time to time. The report is intended for a restricted audience and I am not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities. * --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
<<inline: image001.jpg>>
