Goldman Buying E-trade?

Q: I just heard a rumor about Goldman doing a deal for Etrade over the long weekend. Anybody have any conformation about this?

A: However - what do you guys think of the idea that ETFC right now might be a good buy for one of the newly formed banks. Bunch of customers, pretty good trading platform and of course bunch of bad loans which would not be a problem for one of the big ones as they already have plenty of TARP money??? Or am "socially" dreaming??? I still think ETFC is undervalued! Shame I bought in a couple weeks ago when it spiked up past $1.50 so I'm sitting on an unrealized loss son of a biiiiiiiiiiiitch. Anyways, I would like to see that 12.5% note to Citadel paid off or something cause it's damaging our beloved discount brokerage! I was curious about this whole TARP money that E*Trade has requested. It appears that the government has so many strings attached to the loan, that the banks that received them can't wait to repay them. Maybe it is a blessing in disguise that E*Trade has not got it. Any thoughts on this? Good post, First of all, they don't want government in the day to day operations. Remember the Government caused this freakin mess with the massive dereg. and overhaul of the banking system after savings and loan debacle. I am not so sure this "new" bailout is so good for America either, but there were few options left. We are seeing daily new issues with loans, cars, boats(100k and above), vacation living(homes, condos, timeshares) this is far from over. But, I think America is ready to begin investing, Etrade has been positioning itself for 2009-2012 profits, Etrade should benefit from a good report on April 28th, good luck all The government forced many banks to take the TARP funds. Many didn't have a choice. Also, a lot of banks took the funds without reading the fine print; they didn't know they would be regulated so much. Rumor is that Goldman and ETFC are in negotiations today (Friday 17th) but probably nothing will be done or finalized until Goldman pays back the TARP.

Discuss It!

Most Popular Articles

More