OKMONEY

E*Trade: More Good News

WHOLESALECD:
you're another poster who does not know the difference between "mortgagor" and "mortgagee". Look it up; educate yourself. BTW I'm way long ETFC; have been since 12/07


On Mar 18 06:43 PM wholesalecd wrote:

> OKMonkey wrote: ETFC still is itself a subprime mortgagor...
>
> First of all learn to spell and do a little research. Actually you
> don't even have to do research to know ETRADE isn't doing Sub-prime
> mortgages any more.
>
> So you lost on your shorts I take it....??????
>

E*Trade: More Good News

On Mar 18 09:41 AM User 378476 wrote:

> Wrong! Etrade no longer deals in subprime - sold all of this to
> Citadel. Tell the truth okmoney - gesshh. Those notes are due in
> 2014 and on top of that the company has 1 Billion in reserves - very
> good Texas ratio and delinquencies were just reported way down so
> they can use the reserves for profit taking. The stock is over the
> hump.

USER378476:
Learn the difference between the words; "mortgagor" and "mortgagee". When you've mastered that distinction read my post again; then, read JBMARIA's post to find the "truth". ETFC owes just like a subprime mortgagor, just like I said.

E*Trade: More Good News

On Mar 18 11:14 AM jbmaria wrote:

> So,as of now they are on the hook for:
> "1) The $1.9 billion in principal does not include the $121.0 million
> of capitalized interest in November 2008, which resulted in $2.1
> billion in principal of springing lien notes outstanding to Citadel
> as of December 31, 2008."

Thanks JB; I can always count on you for the true facts.

E*Trade: More Good News

ETFC still is itself a subprime mortgagor. Those 12.5% springing lien notes they owe to Citadel from the November '07 rescue must be killing them. Anyone remember face amount of those Citadel notes? I recall over $1B, yes $B.

E-Trade Financial Carries High Risk-Reward

The "call report" filed by ETFC for Q2 lists $684,458MM in non-accruals. In the Q1 CC Don Layton talks about provisioning for expected losses of from $1B to $1.5B over 3 years. At the current non-accrual rate looks like ETFC will have lost their 3 year estimate of losses in just one (1) year. You won't see $6, $10 PPS or anything close unless these non-accruals drop dramatically. You've got to keep in mind ETFC is more bank than brokerage.

Who Will Trigger E*Trade's Magic Moment - and a 111.4M Short Squeeze?

Rossetti2000: Your comment was better then Ms. Reed's article.

E*Trade: What the Analysts and News Haven't Told You

If the emotion E*Trade evokes could be capitalized on ETFC's balance sheet as an intangible the PPS would rival Goog.