Moglia still sweet on E*Trade By Brooke Southall February 7, 2008
TD Ameritrade Holding Corp. still has eyes for E*Trade Financial Corp. of New York. The Omaha, Neb.-based broker-dealer will let neither the “bumps” it suffered from merging with TD Waterhouse nor the precipitous downfall of E*Trade’s stock as a result of the subprime crisis to alter its openness to a deal, said Joe Moglia, chairman and chief executive of TD Ameritrade.
“You can never control when an M&A opportunity presents itself,” he said.
“We will continue to look at E*Trade’s brokerage assets,” he said.
“They’ve done a good job growing the brokerage assets.”
It comes down to a meeting of minds, Mr. Moglia said.
“If we could find something good for both their shareholders and ours, we could [merge],” he added.
For the full report, see the Feb. 11 issue of InvestmentNews.
Oh my God. I don't know how to do links but just go into Yahoo and read the new press release titled "Bush ready to sign economic aid pacage." They were stated as saying that on top of the money they are giving to families they may do one or more stimulus packages focused on the bad mortgage market and it also said twords the end that many in congress are pushing for cracking down on bad loan practices and get this helping people with sub prime loans avoid default!!! Holy crap is this huge!! Bail out to banks like etrade...