geco2897

GE Finally Joins Victims of Financial Crisis

Following is an exerpt from an inter office communication regarding GE fininacial's current situalton. They are no longer accepting any new deals EVEN ON LONG TERM CUSTOMERS WITH EXCELLENT PAY HISTORY!!!. THEY'RE TRYING TO CLEAN IT UP ENOUGH TO USE what they have AS LEVERAGE TO MAKE IT THROUGH THE END OF THE YEAR WHEN TO RUMORS ARE FULL BUYOUT.

Going forward from this day, GE will no longer accept applications. This includes upgrades as well. This point is extremely important, you can no longer pull buyouts from the web. Let your XXXXXX administrators get those for you. They will have to get those from XXXXXXXXXXXXX If you do, GE will not accept it. They will accept coterminous add on’s , but the credit has got to be squeaky clean. Having said all this, get your buyouts submitted now, if you wait until month end, you will not get it in a timely manner and your deal will roll to the next month. US Bank is first option.


On Oct 02 05:40 AM crankyinvestor wrote:

> so now Buffet has a seat at the GS and GE tables; and all because
> he had the foresight to keep some dry powder and avoid leverage.
> sort of reminds you of Warren Buffet of the 90s; and Warren Buffet
> of the 80s; etc.