SeeTheLight

The World's 10 Safest Banks

This appears to be a list of the "used to be the safest" banks in the world. I would not include Lloyds on that list any more. Unless the criteria for safety includes suspending dividends, diluting the stock and participating in a government bailout. I guess if you haven't gone bankrupt yet and a big asset base you get on the list.

CDS and mortgage based derivatives were ranked AAA by Moody's and S&P. Worth pennies on the dollar now, but still worth more than the value of those so called expert ratings.

Not having one Canadian bank (the 2nd safest banking system in the world), all of whom largely avoided the current financial crisis shows how valuable this list is.