Etrade (ETFC) Falling In Pre-Market Trading

Currently, Etrade (Nasdaq: ETFC) is trading down over $2.00 to $6.40 in pre-market trading. Late Friday, Etrade announced further writedowns of CDOs that will affect Etrade's profits. Etrade is being hit from the various loans it gave during the refinance boom. Etrade's stock has fallen from a high of $26.00 to trading at a 52-week low of $6.40 today.

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