Monday, November 12, 2007

Annie Get Your Gun! Banks may fail.


Annie Get Your Gun!
Originally uploaded by Cycle Serious
"E*Trade sinks 59 pct on losses and bankruptcy fear

NEW YORK (Reuters) - Shares in E*Trade Financial Corp sank 59 percent to a five-year low on Monday after an analyst said mounting credit losses may prompt customers to yank deposits and could put the online brokerage at risk of bankruptcy." Read the complete story here.

It is the wild wild west all over again.

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