E-Trade

[krazykarl]

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.

 

[a529612]

Give them the finger...

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

 

[FAST.AM]

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

 

[a529612]

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

 

[nwtrader245]

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

 

[battle river]

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

 

[FAST.AM]

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

 

[AAA30]

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

AAA30

 

[sprstpd]

Quote from battle river:

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

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.

 

[kinggyppo]

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.