Nowhere in this post does it mention why E-Trade is a sinking ship. Care to enlighten us?
Steven Loi
· 1 year ago
mrshl:
If you were to look up ETFC on Google Finance (or any other portal), you would notice a downward scope over the past year. They had tons of write downs because of the subprime woes and are strapped for cash. There are rumors about them going bankrupt (but the vibe is that another company would gobble them up before they would go bankrupt). Either way, once the new broke about how terrible their balance sheet was, there were articles written that some users took their money out of EFTC and moved it to other, more healthy brokerages.
I love to this model to be proven effective. I will keep an eye on this.
tonyleachsf
· 1 year ago
Thanks for the post guys! We're excited to have Feser on the Zecco team. One note though - you might want to check the spelling of his last name in the title here...
All Comments
If you were to look up ETFC on Google Finance (or any other portal), you would notice a downward scope over the past year. They had tons of write downs because of the subprime woes and are strapped for cash. There are rumors about them going bankrupt (but the vibe is that another company would gobble them up before they would go bankrupt). Either way, once the new broke about how terrible their balance sheet was, there were articles written that some users took their money out of EFTC and moved it to other, more healthy brokerages.
I love to this model to be proven effective. I will keep an eye on this.
Tony (ZeccoShare Product Manager)