more than half of its market value was gone (59%) on last Wed. due to its subprime loss and cdo write down. As a relatively small company it may not be able to make it. However, as I myself have several stock accounts with the company, is my money safe there? For brokerage accounts the answer is yes; those accounts are protected by FDIC, SPIC and the UK Insurance company up to millions. If you have bank account with the company I guess fdic will cover your first $100k; if you and your husband have a joint account, $200k will be protected in the event that etrade is busted. I got the feeling that before long its brokerage side will be bought out; I am not so sure about its banking side which is causing problems.
