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4 Comments

    • Odds Are GSE Bailout Won't Cost Anything [view article]
      One would think people would wise up by now, regarding the real cost of various government projects. They manipulate taxpayers into putting up money by quoting a low cost or just the cost of the first few months or year. S&P resports the bailout could cost more than $1.0 Trillion!
      www.clusterstock.com/2...-

      Here's an expert with experience on the subject. Listen to this video and wake up:
      www.bloomberg.com/avp/...       Jul 23 10:12 AM
    • Time To Start Buying Some Dogs? [view article]
      or the past 20 years, GE Mortgage and GE Capital, now Genworth Financial have been misstating earnings and illegally swapping assets between their many companies to cover up their losses. If the rating companies knew of their fraud, they would be finished as a company. Shareholders, uniformed, don’t know of their deceipt and intentional manipulation of the numbers to meet quartely earnings projections. Their value is synthetic just like the trades they make throughout the world. Their marketing genius cannot cover up their desperation and failing companies. Indeed, the chickens have come home to roost!

      By sandra stevens-miller on Jun 22, 2008

      reggiemiddleton.bankim.../       Jun 29 07:36 PM
    • Adding to My GE Position [view article]
      Suitors Drop Out Of Auction For GE Card Unit

      Suitors are dropping out of auction for GE's $30 billion credit card unit. Had GE tried to sell that card unit 2 years ago there would have been 10 banks chomping at the bit to pick up that portfolio. Now, no one wants it.

      globaleconomicanalysis.../       Jun 29 02:23 PM
    • Valuing GE (It's Cheap) [view article]
      GE is virtually bankrupt. Check out it's Cash Flow. It borrowed over $50M in 2007, over $43M in 2006 and less than $9M in 2005. Borrowings are increasing exponentially while the cash to pay for those borrowings is approaching zero. It's cash flow is coming from its borrowings. It's cash flow for 2007 was under $2M. What happens to GE as the financing and credit situation worsens?

      Debt/Equity ratio is 4, way too much debt. Where is it going to get the money to finance operations? From Bernanke?

      If you fail to understand the above then take a look at its stock price, going the way of Bear Stearns and why are investors buying so many puts on this company if it wasn't about to go bankrupt?       Jun 23 07:29 AM
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