saturday globe and mail article march 08brian milner in report on buisness section...david prince refers to the depth of the leverage in the entire financial system..how no matter how low the fed lowers rates..it is going to take quite a while to flush out..another point of view ..reinforces the depth of the problem as outlined by bill gross on pimco.com in his monthly letters..would not be suprised to see royal and bns,although strong among our cdn banks,slip further down as they could get tagged by this derivative slime...am holding bns and royal as i don t ,as yet,feel that they will cut div...