In case you missed it. Etrade lost 60% of it’s market cap today due to subprime.

[an]

“In my view E*Trade has a fantastic platform…” This is exactly my view as well. I’ve tried many other brokerage but they all have very horrible websites that is not very intuitive at all, especially when you have more than 1 account w/ them. They’d be an easy take over target if things get worse for them.

[Coronita]

Hi everyone,

Does anyone have a favorite bank/brokerage alternative to etrade? Of course, this would be an analog that is not over-exposed to bad debt, as is the case with ET.

-Fishsticks

 

I have an account at different brokerage firms. What I'm waiting to find out is which other brokerage firm has mortgage exposure that they haven't disclosed yet. I'm sure there are others. As such, these days I have multiple accounts across multiple institutions. The first sign of trouble, I plan on moving things around. So to that end:

SmithBarney (now part of Sh*ttyBank..i mean Citibank).

Wachovia ( uh oh)

Schwab ( scrub the deck)

TD ameritrade.

Fidelity

Vanguard 

Etrade has been mostly eliminated from holding significant assets. Personally, I don't think there will be an issue, but then again I don't want to find out if there are issues. And pretty much, the commissions as schwab, ameritrade, etc aren't drastically different.

[Coronita]

Hi everyone,

Does anyone have a favorite bank/brokerage alternative to etrade? Of course, this would be an analog that is not over-exposed to bad debt, as is the case with ET.

-Fishsticks

 

I have an account at different brokerage firms. What I'm waiting to find out is which other brokerage firm has mortgage exposure that they haven't disclosed yet. I'm sure there are others. As such, these days I have multiple accounts across multiple institutions. The first sign of trouble, I plan on moving things around. So to that end:

SmithBarney (now part of Sh*ttyBank..i mean Citibank).

Wachovia ( uh oh)

Schwab ( scrub the deck)

TD ameritrade.

Fidelity

Vanguard 

Etrade has been mostly eliminated from holding significant assets. Personally, I don't think there will be an issue, but then again I don't want to find out if there are issues. And pretty much, the commissions as schwab, ameritrade, etc aren't drastically different.

[Coronita]

Hi everyone,

Does anyone have a favorite bank/brokerage alternative to etrade? Of course, this would be an analog that is not over-exposed to bad debt, as is the case with ET.

-Fishsticks

 

I have an account at different brokerage firms. What I'm waiting to find out is which other brokerage firm has mortgage exposure that they haven't disclosed yet. I'm sure there are others. As such, these days I have multiple accounts across multiple institutions. The first sign of trouble, I plan on moving things around. So to that end:

SmithBarney (now part of Sh*ttyBank..i mean Citibank).

Wachovia ( uh oh)

Schwab ( scrub the deck)

TD ameritrade.

Fidelity

Vanguard 

Etrade has been mostly eliminated from holding significant assets. Personally, I don't think there will be an issue, but then again I don't want to find out if there are issues. And pretty much, the commissions as schwab, ameritrade, etc aren't drastically different.

[Coronita]

Hi everyone,

Does anyone have a favorite bank/brokerage alternative to etrade? Of course, this would be an analog that is not over-exposed to bad debt, as is the case with ET.

-Fishsticks

 

I have an account at different brokerage firms. What I'm waiting to find out is which other brokerage firm has mortgage exposure that they haven't disclosed yet. I'm sure there are others. As such, these days I have multiple accounts across multiple institutions. The first sign of trouble, I plan on moving things around. So to that end:

SmithBarney (now part of Sh*ttyBank..i mean Citibank).

Wachovia ( uh oh)

Schwab ( scrub the deck)

TD ameritrade.

Fidelity

Vanguard 

Etrade has been mostly eliminated from holding significant assets. Personally, I don't think there will be an issue, but then again I don't want to find out if there are issues. And pretty much, the commissions as schwab, ameritrade, etc aren't drastically different.

[patientlywaiting]

In my view E*Trade has a fantastic platform (setting aside the mortgage holdings) that would get bought easily for at least the current share price.

I don't agree.  Their software platform can easily be duplicated without the need buy them out.   Or wait to buy it in bankruptcy court. 

 

  

[patientlywaiting]

In my view E*Trade has a fantastic platform (setting aside the mortgage holdings) that would get bought easily for at least the current share price.

I don't agree.  Their software platform can easily be duplicated without the need buy them out.   Or wait to buy it in bankruptcy court. 

 

  

[patientlywaiting]

In my view E*Trade has a fantastic platform (setting aside the mortgage holdings) that would get bought easily for at least the current share price.

I don't agree.  Their software platform can easily be duplicated without the need buy them out.   Or wait to buy it in bankruptcy court. 

 

  

[patientlywaiting]

In my view E*Trade has a fantastic platform (setting aside the mortgage holdings) that would get bought easily for at least the current share price.

I don't agree.  Their software platform can easily be duplicated without the need buy them out.   Or wait to buy it in bankruptcy court. 

 

  

[stockstradr]

We have all our retirement accounts, a large portion of our assets in E*TRADE. I looked closely at E*TRADE financials last night, and concluded the company is effectively INSOLVENT. The CEO of E*TRADE is writing they “…could absorb an immediate write down in excess of $1 billion and still remain well capitalized.”

Except there is one problem, look at E*TRADE balance sheets: there appears to be a lot more than a billion in write downs in store for E*TRADE. The numbers don’t look pretty.

This week the markets finally spooked me, shook me to the core, that this finanical melt down could get real ugly. Major banks could collapse.

Just one example, a best friend of mine works in a very senior position in a very large Wall St. investment bank.

I wrote him, “What’s the feel of the markets, from the inside?”

He Blackberry’s me back,

“Be afraid, be very afraid. I’m now at a insider financial conference and very senior managers are discussing Worst Case Scenarios. There is real fear in the air even among very seasoned finance industry professionals.”

Today I submitted request to have ALL our family assets tranferred out of E*TRADE. It takes about 7 days to complete. I cannot imagine E*TRADE would collapse, but they certainly could lock our accounts up for a long time. WHO KNOWS how this all will play out for security of major financial institutions?

I think gold is looking more and more attractice. The gold market LOVES financial instability.

[stockstradr]

We have all our retirement accounts, a large portion of our assets in E*TRADE. I looked closely at E*TRADE financials last night, and concluded the company is effectively INSOLVENT. The CEO of E*TRADE is writing they “…could absorb an immediate write down in excess of $1 billion and still remain well capitalized.”

Except there is one problem, look at E*TRADE balance sheets: there appears to be a lot more than a billion in write downs in store for E*TRADE. The numbers don’t look pretty.

This week the markets finally spooked me, shook me to the core, that this finanical melt down could get real ugly. Major banks could collapse.

Just one example, a best friend of mine works in a very senior position in a very large Wall St. investment bank.

I wrote him, “What’s the feel of the markets, from the inside?”

He Blackberry’s me back,

“Be afraid, be very afraid. I’m now at a insider financial conference and very senior managers are discussing Worst Case Scenarios. There is real fear in the air even among very seasoned finance industry professionals.”

Today I submitted request to have ALL our family assets tranferred out of E*TRADE. It takes about 7 days to complete. I cannot imagine E*TRADE would collapse, but they certainly could lock our accounts up for a long time. WHO KNOWS how this all will play out for security of major financial institutions?

I think gold is looking more and more attractice. The gold market LOVES financial instability.

[stockstradr]

We have all our retirement accounts, a large portion of our assets in E*TRADE. I looked closely at E*TRADE financials last night, and concluded the company is effectively INSOLVENT. The CEO of E*TRADE is writing they “…could absorb an immediate write down in excess of $1 billion and still remain well capitalized.”

Except there is one problem, look at E*TRADE balance sheets: there appears to be a lot more than a billion in write downs in store for E*TRADE. The numbers don’t look pretty.

This week the markets finally spooked me, shook me to the core, that this finanical melt down could get real ugly. Major banks could collapse.

Just one example, a best friend of mine works in a very senior position in a very large Wall St. investment bank.

I wrote him, “What’s the feel of the markets, from the inside?”

He Blackberry’s me back,

“Be afraid, be very afraid. I’m now at a insider financial conference and very senior managers are discussing Worst Case Scenarios. There is real fear in the air even among very seasoned finance industry professionals.”

Today I submitted request to have ALL our family assets tranferred out of E*TRADE. It takes about 7 days to complete. I cannot imagine E*TRADE would collapse, but they certainly could lock our accounts up for a long time. WHO KNOWS how this all will play out for security of major financial institutions?

I think gold is looking more and more attractice. The gold market LOVES financial instability.

[stockstradr]

We have all our retirement accounts, a large portion of our assets in E*TRADE. I looked closely at E*TRADE financials last night, and concluded the company is effectively INSOLVENT. The CEO of E*TRADE is writing they “…could absorb an immediate write down in excess of $1 billion and still remain well capitalized.”

Except there is one problem, look at E*TRADE balance sheets: there appears to be a lot more than a billion in write downs in store for E*TRADE. The numbers don’t look pretty.

This week the markets finally spooked me, shook me to the core, that this finanical melt down could get real ugly. Major banks could collapse.

Just one example, a best friend of mine works in a very senior position in a very large Wall St. investment bank.

I wrote him, “What’s the feel of the markets, from the inside?”

He Blackberry’s me back,

“Be afraid, be very afraid. I’m now at a insider financial conference and very senior managers are discussing Worst Case Scenarios. There is real fear in the air even among very seasoned finance industry professionals.”

Today I submitted request to have ALL our family assets tranferred out of E*TRADE. It takes about 7 days to complete. I cannot imagine E*TRADE would collapse, but they certainly could lock our accounts up for a long time. WHO KNOWS how this all will play out for security of major financial institutions?

I think gold is looking more and more attractice. The gold market LOVES financial instability.

[Raybyrnes]

stockstradr

You may want to contact the company you are moving your assets to, to see if they will pick up the charge for your transfer. Usually a company is going to charge you a couple hundred bucks as a coordination fee for transferring assets. A sort of “don’t let the door hit you on the way out charge.”

[Raybyrnes]

stockstradr

You may want to contact the company you are moving your assets to, to see if they will pick up the charge for your transfer. Usually a company is going to charge you a couple hundred bucks as a coordination fee for transferring assets. A sort of “don’t let the door hit you on the way out charge.”

[Author]

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