[Porsche-O-Phile]

Thanks. I just initiated a bunch of transfers on liquid stuff (banking accounts, sweeps, etc.) Stock holdings are a bit more problematic. If I cash out and sell all my positions, I'll take losses on a few (not terrible, but still losses). It might be better than leaving stuff in there and having it "disappear" however if there are bigger underlying problems at ETrade HQ.

At the moment I'm leaning towards "sell off everything and get outta' Dodge" but I need to think about it. I just bought into several of these positions!

I need to double-check my literature but I thought brokerage houses were required to cover you up to a certain point if they went insolvent (?)

The basic banking accounts were FDIC insured but I said "f*ck it, I'm outta' here" on those - I'd rather have my $$$ elsewhere rather than going through some lengthy and protracted fight with FDIC involved. Could be years, right?

This mortgage stuff is SO toxic. I wouldn't be surprised if ETrade's days are numbered.