{"id":198413,"date":"2007-11-11T10:52:00","date_gmt":"2007-11-11T15:52:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/11\/11\/e-trade-and-wachovia-see-major-losses\/"},"modified":"2007-11-11T10:52:00","modified_gmt":"2007-11-11T15:52:00","slug":"e-trade-and-wachovia-see-major-losses","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/11\/11\/e-trade-and-wachovia-see-major-losses\/","title":{"rendered":"E-Trade and Wachovia See Major Losses"},"content":{"rendered":"<p><a href=\"http:\/\/www.cnbc.com\/id\/21713398\">E-Trade is losing a bunch of money on its mortgage backed securities, and the SEC has launched an informal investigation of the brockerage&#8217;s related portfolios.<\/a><\/p>\n<p><a href=\"http:\/\/biz.yahoo.com\/ap\/071109\/wachovia_writedowns.html\">Wachovia is looking at $1.1 billion in losses<\/a>, much of it tied to it&#8217;s 2006 purchase of Golden West Financial Corp. of Oakland, California.<\/p>\n<p>The contageon is spreading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>E-Trade is losing a bunch of money on its mortgage backed securities, and the SEC has launched an informal investigation of the brockerage&#8217;s related portfolios. Wachovia is looking at $1.1 billion in losses, much of it tied to it&#8217;s 2006 purchase of Golden West Financial Corp. of Oakland, California. The contageon is spreading.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,973],"tags":[],"class_list":["post-198413","post","type-post","status-publish","format-standard","hentry","category-bubble","category-economy"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198413"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=198413"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198413\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=198413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=198413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=198413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}