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twocents@thestreet.com (BBH FX Strategy), The Street
Wed, 11/02/2011 - 4:10am

By Marc Chandler NEW YORK (BBH FX Strategy) -- There is much truth to the generalization that European banks took on direct exposure to European sovereigns through the bond market, while top banks took exposure through selling insurance, primarily credit default swaps. The latest Bank for International Settlements data suggest that in the first half of 2011, U.S.

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