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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: zebra4o1 who wrote (85343)	8/20/2007 9:21:45 AM
From: Amelia Carhartt	Respond to of 110194

LOL!! If their assurances are anything like the Fed's it must be ready to go BK!

To: zebra4o1 who wrote (85343)	8/20/2007 11:34:36 AM
From: yard_man	Respond to of 110194

I'd switch from E-Trade -- that was dumb on their part. Doesn't surprise me that the credit contraction could kill some miners before it is over. Hard for them to get money sometimes ...

To: zebra4o1 who wrote (85343)	8/20/2007 12:55:10 PM
From: redfrecknj	Respond to of 110194

Found this in CR's comment section: "I forgot that I have the Etrade presentation at work they gave out to institutional investors this week. If memory serves, they had almost as many 2nd liens in portfolio as 1sts. Those seconds will have to be written down 20-30 points at least from last quarter's balance sheet." "I checked out ETrade's public statement again, which, curiously, does in fact omit the percentage of second liens. It also includes this gem:" "Management maintains that it does not believe that the current market capitalization accurately reflects the financial strength and performance of the business." "Looking forward to their SEC disclosures soon..." home.businesswire.com