TD Waterhouse posted this gem for their clients today: FYI: Reduced Loan Value for Select US Securities SUMMARY: This information is relevant to margin accounts only. Due to recent market events, effective immediately, TD Waterhouse has reduced the loan value for 27 securities in the US Financials sector to 50%. In addition, the loan value of Lehman Brothers stock has been reduced to 0% and E*Trade Financial Corp has been reduced to 25%. Please refer to the list of affected securities below: Americredit Corp Anworth Mortgage Asset C Ashford Hospitality Trust China Direct Inc CIT Group Inc Compucredit Corp Corus Bankshares Inc Country Wide Financial Crp Downey Financial Corp Heritage Financial Group E*Trade Financial Corp FC Stone Group Inc First Marblehead Corp Lehman Brothers MF Global Ltd MGIC Investment Corp WIS National City Corp Newcastle Investment Corp Old National Banccorp Inc Penson Worldwide Inc PMI Group Inc Radian Group Inc Rait Financial Trust Redwood Trust Inc Resource Capital Corp Temecula Valley Bancorp Triad GTY Inc Washington Mutual Inc Western Alliance Bancorp MARGIN ACCOUNT IMPACT: If you are holding any of these listed securities in your TD Waterhouse account, your loan value and available margin will be reduced until further notice. CONTACT INFORMATION: If you have any questions or concerns, please contact an Investment Representative. They did the same thing for tech when the tech bubble started to unwind.