E-Trade

They are the new poster child for what can go wrong when you are blindly opportunistic.


What was that sucking sound you ask? That was 50% of E-trade's market cap getting flushed.

 

Give them the finger...

http://www.youtube.com/watch?v=jaR5-kefxn4

 

lol I have an account with ETRADE. MAKES ME WONDER... If my $$ safe

 

If in doubt, take the $$$ and run.

 

Your money is backed by the FDIC no need to run. They have insurance just like any other brokerage.

 

how long will it take to get your money back though? i probably would move at least some out to a differnt acct

 

IF YOUR WORRIED PUT YOUR MONEY IN ETRADE BANK.. FDIC INSURED

 

bought some @ 3.54 :eek:
Treating it like an option. I say buyout before BK.

AAA30

 

I had a small amount of money in NetBank when they went under. I couldn't access the money for a few days. After ING acquired them, it was as if nothing had happened. So my downtime was something like 4 or 5 business days. I expect this is abnormal (takes longer usually?) but it is my only experience going through the process.

 

The greed of all these companies is mind boggling. Nothing like issuing a bunch of sub prime paper at the top of a multi year real estate cycle. Don't worry Griff or Warren Jr as I like to call him is ready to give you $.05 on the dollar, which is probably too generous. When your grandma is trying to sell real estate its time to bail.