NEW YORK (Reuters) - Prospective buyers of online brokerage E*Trade Financial Corp (NasdaqGS:ETFC - News) are haggling over the value of its weakening mortgage portfolio, the Wall Street Journal reported Monday in its online edition, citing sources familiar with the matter.
According to the Journal, rivals looking at its books recently are concerned that some of the assets haven't been marked to current values, people familiar with the matter said.
Of course a lot of the problem with big shitpile is that no one wants to actually own up to what "current values" are for obvious reasons.