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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: sea_biscuit who wrote (71162)11/12/2007 3:19:05 PM
From: mishedlo  Read Replies (3) | Respond to of 116555
 
E*Trade Heads For Bankruptcy
globaleconomicanalysis.blogspot.com
Analysts at Citi suggest bankruptcy may be in store for E*trade. Citi estimates writeoffs of up to $5 billion, more than the company is worth. E*Trade is taking "prudent measures" to clean up the mess. But E*trade had no business in mortgages in the first place. With the SEC is investigating fraud in execution orders, expect customers to leave.
Mish