9/18/10

6 other U.S. banks went bankrupt. What will happen with the dollar?

As reported by Market Leader (USA), 6 more American banks declared bankrupt by the U.S. authorities. This three banks in Georgia and one each in New Jersey, Ohio and Wisconsin. Thereby add to the list for 125 U.S. banks went bankrupt due to the inability to return to the commitments they have loans. About this on his website announced on Friday 17 September the Federal Deposit Insurance Corporation (FDIC) U.S..

FDIC fund most federal bankruptcy given a cost of 347.6 million dollars. Total Federal Deposit Insurance Corporation insures deposits of 7,830 banks in America, worth $ 13.2 trillion. A growing number of bank failures has devastated the U.S. budget dollars to several billion dollars, and the federal deposit insurance fund the U.S. since 2009. is in the so-called "red zone" where the number of payments to depositors of bankrupt banks exceed receipts for insurance from the existing U.S. banks. The total deficit of the state insurance fund reached U.S. investors at June 30, 2010, $ 20.7 billion.

According to the forecasts of the federal deposit insurance fund FDIC U.S. series of bankruptcies of U.S. banks will not stop and the total amount of payments from 2010 to 2014 may total about $ 60 billion.

However, the FDIC is optimistic, because
* The number of bankruptcies of U.S. banks declined markedly in 2010 compared with the previous year in which regulators closed the 140 North American banks (125 in 2010) year.
* U.S. Government and the FDIC continues to guarantee the return of 100% of depositors, whose deposits do not exceed 250,000 dollars, the Market Leader and Bloomberg.

How does the U.S. dollar to continue a series of bankruptcies of U.S. banks?
Certainly, the ongoing series of bankruptcies of U.S. banks will not add to investor confidence in U.S. banks, analysts say Trading Academy Masterforex-V

According to the Department DFVA Academy Masterforex-V of the euro against the dollar is in a corrective movement of the medium-term range. Next month significant trend movements do not expect, though sharp plohoprognoziruemye traffic in both directions are possible. Couple found itself in the resistance level of 1.3010 and fluctuating corrective waves will show whether the euro rise to the next level of 1.39.

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