Citi downgraded E-trade because the mortgage exposure could bankrupt them....
Well, they would know.
talk is 1 billion in write downs
but they have $450 million according to some...
Which is talk that they will mark it all the way to 0?
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
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