Prudent Guy

GE Could Tap Fed Fund, Goose Credit Markets

Some of you people are astounding in your ignorance. Do you have any clue at all what GE is doing here?

They are trying to help restore cash to some of their short-term debtholders (such as pension funds and state gvt's). So they are planning to buy back their debt from those folks, restoring liquidity to the system, and instead funding their short-term debt through the fed program.

Virtually ALL big companies use commercial paper to some extent; it's not like GE is a black horse for doing that. However, GE would probably rather their short-term debt customers don't go up in smoke in the long term...so this is a good move.

Do your homework before you start bashing. K?