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  • FDIC Guarantee: More Toxic Than the Target Itself [View article]
    >most important of all is the fact that, in its present form, an FDIC guarantee will create more problems than it is targeted to solve. Primarily, the FDIC-backed paper will not be "fully, irrevocably and unconditionally" guaranteed by the US government. Rather, the Interim Rule refers to repayments conditioned by the domestic bankruptcy process, with no specific timing parameters. (The Comment Period on the Interim Rule expired on Thursday.)


    To relieve the pressure on the FDIC in regard to its FDIC-backed paper, what the government needs to do is first to restore the credit-rating of the insurers in the private sector -- especially the monoliners.
    Nov 15 00:24 am |Rating: 0 0 |Link to Comment
  • Metrics, Mortgages and Analysts  [View article]
    ETFC's 127,000,000 Shares Short Position

    Etrade's 270,000,000 shares short position


    www.investorvillage.co...
    Jul 18 09:01 am |Rating: 0 0 |Link to Comment
  • Metrics, Mortgages and Analysts  [View article]
    An Expression of Confidence by Insiders' and Instiutional Investors


    siliconinvestor.advfn....
    Jul 16 02:44 am |Rating: 0 0 |Link to Comment
  • Metrics, Mortgages and Analysts  [View article]
    Cindy, what's your take of the following announcement:

    ETFC -- Sale of Canadian Unit Generates Cash Proceeds of Aapproximately $511 Million


    NEW YORK--(BUSINESS WIRE)--E*TRADE FINANCIAL Corporation (NASDAQ: ETFC - News) today announced it has entered into a definitive agreement to sell E*TRADE Canada to Scotiabank (TSX: BNS, NYSE: BNS) for $442 million in cash. E*TRADE FINANCIAL expects the combination of the sale of E*TRADE Canada and the return of related capital to generate net cash proceeds of approximately $511 million.

    “We continue to make solid progress against our 2008 Turnaround Plan by monetizing non-core assets to generate capital while delivering consistent organic growth in the retail business,” said Donald H. Layton, Chairman and Chief Executive Officer, E*TRADE FINANCIAL Corporation. “This transaction generates capital for E*TRADE at a very low implied cost. Combined with the other planned non-core asset sales announced this year, we’ve generated more than $700 million in proceeds in a shareholder-friendly manner. With this transaction signed, we re-affirm that our plans to access the capital markets are focused at this time upon the previously-announced debt-for-equity swaps.”

    The deal is subject to approval by all regulatory agencies and is expected to close in the third quarter, 2008.

    Full Story: biz.yahoo.com/bw/08071...
    Jul 15 00:21 am |Rating: 0 0 |Link to Comment
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