Jeffyboy

Read This Before Buying E*Trade

Wow,

You guys look at investing with alot of passion. I bought ETFC because I like the products and services and I use them. Yes they have problems and those problems have been more than factored into the price of the stock.

Etrade is not in a position of going bankrupt. It has to be extra careful navigating through the next year or two. If they fail to navigate they could be back in the position of possible BK.

Not all loans fail, and when loans fail they don't all get together and do it in the same day. If you are long in the stock and you beleive in the idea that the economy will recover then stop getting so excited. August to Novemeber of 2007 is when this all started, it has only been a few months. Once more time has gone underneath these loans they are more supportable. Once the economic situation gets better the loans are more supportable.

If things fail at ETFC they will probably fail at other institutions as well. Littlle comfort, but we need deversity.

One thing the author did put out is that ETFC in comparision to WAMU or Countrywide, ETFC has other business units to help support the system through the crisis. A year or two from now ETFC should zoom back.

I liked the article and glad it came out now and did come out a month ago, zealous shorts would have loved it.

Prescient11, you are why I love reading this stuff. I think you held the authors feet to the fire.

Etrade is one of best values in the stock market right now. I love ETFC.