Summary

http://www.marketwatch.com/news/story/ameritrade-ceo-mulls-buying-e-trade/story.aspx?guid=%7BE4CF3573%2DB648%2D4D3D%2DA05E%2D81CD0A11119C%7D AMTD looks interested in E-Trade retail business.  Schwab expresses interested in E-Trade brokerage.

Analysis

A business combination may make sense for E-Trade.  AMTD & Schwab are both good suitors.

A further deterioration in E-Trade sub-prime portfolio may make a disposition of the brokerage business a contemplatable option.

Analyses are solely the work of the authors and have not been edited or endorsed by GLG.