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EYE_ON_WALLST

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EYE_ON_WALLST

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Thursday, 11/29/2007 6:20:30 PM

Thursday, November 29, 2007 6:20:30 PM

Post# of 704019
E-Trade Gets $2.55B Infusion, CEO Out
Thursday November 29, 6:01 pm ET
By Joe Bel Bruno, AP Business Writer
E-Trade Secures $2.55B Cash Infusion From Citadel Group, CEO Out, Acting CEO Eyeing Deals


NEW YORK (AP) -- E-Trade Financial Corp., which flirted with collapse amid the growing mortgage crisis, said Thursday it is getting a $2.55 billion cash infusion from Citadel Investment Group in a bid to revive the battered discount brokerage.

Man's got to know his limitations!

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