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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: ecommerceman who wrote (9676)	12/6/1999 12:39:00 AM
From: Curtis E. Bemis	Read Replies (1) \| Respond to of 13953

I gleaned five things from that article, if the facts are correct-- WOW--- 1. The Softbank ownership has to drop to 10% before OTS is not concerned about a foreign entity controlling a US Thrift. I thought is was 25% from stuff I read earlier. They own almost 28% at the moment. 2. Softbank cannot lighten up because contractural relationships say they have to hold all EGRP till August 2000. 3. OTS currently considers the application incomplete until Item #1 is straightened out. 4. It would take a minimum of 60 days AFTER Item #3 is straightened out to proceed. 5. The Old World Gummit can't deal with the New World. TBFC and EGRP won't merge this year, if at all. This is bleak. So, lets blow it off and get on with it. Dave, you gotta go to meeting at end of month. Fireworks expected.