E TRADE Financial Corp (ETFC)

[makesumgravy]

mark to market. The honorole system?. A market that had no integrity to begin with, the reasons we've witnessed the prevalent fraud and corruption has been due to the influence corporations, both large, and small be allowed to do whatever they want, the reasons behind deregulation, the reasons behind removing the uptick rule in the first place was to allow shortselling to control the market thru Hedgefunds. If we look at the way the system is set up, was done to allow the big money to control every aspect of it. Imagine just 10,000 HF's offshore, non registered, deregulated, no oversight, outside of US jurisdiction who were banned from shorting the financials till the bailout bill passed which put money into the system, and 3 days later the ban was lifted by Cox, speaks volumes...........we witnessed the outcome.

Every vunerable company was and is at their mercy. No doubt GS played a big role eliminating its competition, Lehman's, and had insider information.........one corrupted institution helping to destroy another, and succeeded. You be the judge whether you think mark to market, or even re-instating the uptick rule will improve things for E-trade or will improve market conditions?............

Options are already available, there is zero reason to allow shortselling. The uptick rule is a farce, just like the sho rule.........HF's have all the access to the MM's they want.
ET, like GS and Knight disguise themselves as being brokerages with integrity, how this will play out due to the shorters is anyones guess?...........Depends?. It could be that a larger broker may swallow them?...........whatever the case Wall Street, and the Hedgies want to make money so they are all wanting to move the market now that prices are cheap enough, Cnbc will be their live wire, but it won't last imo, nothing has improved, nothing has changed to improve anything............the 2nd shoe hasn't dropped yet.