Listnenign to Hartman (Podcast)

[nadinbrzezinski]

and he is talking of the fundamental problems in the banking industry. It is getting ugly. E-Trade and Blackstone seem to be going down.

This is a direct consewquence of Reaganomics. And this is quite ugly

[Ytzak]

1. Was he referring to the AP Story....

<http://www.chron.com/disp/story.mpl/ap/fn/5298450.html|E-Trade's Stock Recovers Much of Loss [br />]
NEW YORK — Shares of e-Trade Financial Corp. recovered modestly Tuesday after a BMO Capital Markets analyst said if things grow much worse, a big bank would be eager to buy the online brokerage.

E-Trade Financial's stock plummeted 59 percent Monday after the company said its $3 billion portfolio of mortgage debt has lost more value than expected.

The stock largely rebounded in Tuesday's session, ending up $1.45, or 40.9 percent, to close at $5.

The housing crises just grinds on, and the stock market remain volatile. Its not looking good in Dollar land.

[nadinbrzezinski]

2. Yep

and welcome to DU

Today an analyst called today's bounce a dead cat bounce