Ben Williams

Metrics, Mortgages and Analysts

Wez, No one here is saying E-trade is immune to what is happening to the financials. In fact, we are actually supporting that cause. That is why the stock is down so much. However, CEO Layton and E-Trade have minimized their risk with the mortgages by getting rid of the majority of bad loans and have disclosed the bad loans they do have. He has done an awesome job of selling of what needed to be sold, going back to its core business, and raising capital to ensure they have the funds to cover any losses that still might occur. A look at ETFC's financials might be in store for you to see that have over a billion, thats right, BILLION dollars, sitting on the books. Obviously you are not here to add any insight, good or bad, but to make some moronic statement that serves no real purpose.