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Mar.20
7:35 PM ET
Friday, 20 Mar 2009
Mad Mail: Are Canadian Banks Safe?
Posted By:Tom Brennan
Topics:Stock Market | Stock Picks | Mad Mail
Sectors:Financial Services
Companies:Toronto Dominion Bank | Royal Bank Of Canada
 |
Cramer says: “I like [Toronto-Dominion Bank] [TD
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()
] very, very much. I like Royal [Bank of Canada] [RY
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()
]…They didn’t favor financial innovation and tinkering in Canada. That’s why they’re better. They did not believe that financial innovation was a good idea. So Canadian Banks could inherit the U.S. world when this period’s over. That’s how much better they are. As a matter of fact, the only thing they screwed up was they bought American [collaterized debt obligations].”
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