by Calculated Risk on 11/12/2007 09:30:00 AM

From MarketWatch: Citi downgrades E-Trade to sell rating (title hat tip Herb Greenberg)

"We estimate that trying to liquidate E-Trade's loan and ABS portfolio would result in over $5 billion of losses, more than wiping out tangible equity," Citi analysts said.
...
"Bankruptcy risk cannot be ruled out," they said.

A "sell" rating and the B-word. Watch out for the death threats.