GE Capital Default Risk Soars

| About: General Electric (GE)

As shown below, the cost of credit default swaps that insure against GE Capital default have spiked sharply over the last few days.  As of this morning, it cost about $680 per year to insure against the default of $10,000 in bonds for five years.  While this doesn't represent all of General Electric (NYSE:GE), GE Capital's default would no doubt do a number on the overall company and the economy.  You think a GE collapse would get Congress to do something?

Gedefaultrisk