Q: hi there - just a follow question on your recent answer to the question on CM and the note you included on uninsured mortgages. Correct me if i am wrong, but uninsured mortgages are those where the borrower puts down more than 20% of the value of the home and therefore does not require insurance. How is this more risky than insured mortgages where the lender is putting less than 20% down. This seems a bit backward in terms of interpretation. For example, i have an uninsured mortgage and own 95% of the value of the home. How is this more risk to the bank?

Q: CM has taken an extra big hit the last 2 sessions (inc. today) compared to the other banks, it did go up more than the others previously (for good reason imho) , I assume there may be a short attack presently against the bank on top of some profit taking. Is there anything else you may be aware of that's going on with CM?

Thanks Tom

Q: I am currently way overweight in Canadian banks and would like to gradually cut my overall exposure to about half of my present total value. Would you please rank the above stocks in light of each expected Total Return over the next 3 - 5 years?
Many thanks.