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What Does Warren Buffett See in General Electric?

The problem with GE is that their products are too good, not based on planned obsalesence. My wife and I continue to use a 1952 GE Double Oven, four burner, pursh buttom controls with various colors electric range that works perfectly. A better company -- e.g., Philco -- would have sold us several ranges over the past fifty-six years. Short the stock.

Bondholders Are Unjustified Big Winners in Treasury Plan - Hussman

John, your comment is far too simplistic so I will offer a slightly less simplistic reply. Homeowners need to borrow monety to purchase their homes; businesses need to borrow money to invest in their enterprises;
banks need to borrow money to lend to home buyers and businesses. Banks borrow in essence by selling equities to speculators and bonds to investors. By definition, equity holders are speculating; bond purchasers are a bit more prudent, trading off high potential returns for more security. The base lenders in our scheme of things are bond buyers, especially when they buy investment grade bonds. Wipe them out and the whole system collapses. Opps, I guess it has. OK, then the base lender in our new scheme of things is the Fed. Opps, then the base lender to the Fed is, you're right afterall -- the taxpayers. I see what's coming -- subprime tax-loans followed by federal bailout of taxpayers. What a great country!