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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (95597)	7/13/2008 4:59:01 AM
From: glenn_a	Read Replies (1) \| Respond to of 110194

Benwood. ((Great Saturday morning blog by Russ)) Totally agree. One of his best IMO. On the topic of Texas Ratios, the Globe & Mail had a great article in early June that discussed the Texas Ratio of Canada's major banks. The article can be accessed at the link below: tdw.globeinvestor.com Note the mention of IndyMac's Texas Ratio of 140%. Lo and behold, this past week US bank regulators seized IndyMac. The ratios for the Canadian banks are not included in this article, but are provided below: Texas ratio of big banks 2Q 2008 2Q 2006 Bank of Montreal 11.2% 5.2% Toronto-Dominion Bank 2.9% 1.9% Canadian Imperial Bank of Commerce 7.1% 7.8% National Bank of Canada 5.1% 5.3% Royal Bank of Canada 7.8% 3.7% Bank of Nova Scotia 9.7% 10.6% Sometime maybe in mid-2009, the Canadian banks may be great buys. Regards, glenn