Re: Etrade Potential Bankruptcy?
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That's regarding your positions. Regarding your cash, don't expect the SIPC to "protect" you . If ETRADE is in trouble, who else do you think might be? Do you suppose others like ETRADE have an derivative exposure?
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What a load of BS.
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C,mon man
Where on earth do you guys get this crap from?
Your CASH is insured up to $100k per account and stocks INSURED up to $500k.
They are SAFE!!
However...if you still feel uncomfortable...move your account to another BD ...but whether ETrade goes under or not....or the time it takes to ACAT(move your account) to a new broker.....you have to wait to liquidate your securites anyway during that period.
Thats the rules!
But once again ....your CASH/Stocks are safely insured,and this is NOT ENRON....lol
Enron went BR,and their OWN stock price went to ZILCH....this is not the same comparison
Unless however you individually own E-Trade stock...then you MOST DEF. would be exposed to bankruptcy issues from that standpoint.That was the reason for the mass stampede for the doors yesterday and subsequent stock collapse
....but your other positions/holdings/cash have NOTHING to do with ET going bankrupt.
SF [img]/images/graemlins/cool.gif[/img]
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