update

Just How Important Is GE Capital?

GE is a vile company. They came up with designed obsolesence in the old days so their products would intentionally break down after just a few years. It is easy to make light bulbs that last FOREVER but that would not be a scam now would it?

Jack Welch led the cause for the disposable worker, age discrimination and the crooked earnings report, balanced to the penny every single quarter. For which they will pay an SEC slap on the wrist fine.

They use NBC as a liberal propoganda machine.

They survived in disgrace due to multiple government bailouts, most of which were hidden from the GE controlled media and done behind the scenes with free loans. Of course we saw the biggest part of the taxpayer rip off in broad daylight with the infamous bank holding company snowjob.

So now this dog that sucks off the government largesse will inflict upon us the BIGGEST SCAM OF ALL TIME, the Green scam with voodoo Tax and Cap and imaginary alternative energy, all funded by the TAXPAYER (government socialists).

Yeah GE is green, look what a bang up job they did polluting the Hudson River. Another slap on the wrist.

SEC Finally Exposes GE's Tricks for Beating Estimates

TheRusty:

It is well known in investment circles that GE is the original scoundrel when it comes to a lot of things, including cooking their books for over a decade.

Believe it.

Online TV, Movie Streaming Accelerates in U.S.

I watched 'Chuck' on Hulu for free. It is better than having to wait for the DVD to come out but not like a big screen tv experience of course.

SEC Rewards GE Accounting Fraud

We all know GE is a bad company and terrible drain on our society.

These clowns invented 'designed obsolesence' in the 50s, a model which GM amoung others would also adopt, selling products intentionally meant to fail at a specific later date.

Jack Welch invented and perfected the 'disposable worker' as a fancy way to discriminate against experienced higher paid workers and cut pension costs. That is when he was not busy cheating on his wife and writing books.

Another fancy GE innovation was the perfectly cooked books. Quarter after Quarter, year after year GE earnings matched their estimates TO THE PENNY no matter who needed to be laid off or what books needed to be falsified. That is in fact what this latest crime is about.

Then there is the massive enviromental damage that GE has ravaged upon this country, like the Hudson River fiasco.

Then lets talk about the bailouts that our socialist government forked over to GE, an endless pit of taxpayer money being shoveled into the worthless toxic asset pit we call GE. And most of that pork bailout money is funnelled through hidden and clearly illegal channels (GE as a bank holding company???), like FED 'no interest' loans which they do not deserve.

So GE controls the liberal media with their meat puppets at NBC and CNBC and they get their socialist dictator in office and all is good, right? Because now GE can pull the GREEN SCAM which we all know is the single largest rip off of man kind. The broke taxpayer can't wait to fork the pork over to GE one more time in the form of Green this and Green that.

This company stinks to the core and went bankrupt over a year ago according to their toxic asset holdings to equity ratio.

GE Capital: Next CIT?

Another misrepresentation. They are flat wiped out on paper with nothing but bail outs and hiding losses.

Your definition of making it comfortably and my definition of too-big-to-fail-social... apparently are one and the same.

And GE has always been an inherently bad company. They coined the term 'designed obsolesence', the act of making purposely inferior products to force the consumer to have to repair or replace everything.

They will take this whole 'green' scam to the next level of pain and wipe out the taxpayers in this country yet again with BIG O.


On Jul 30 12:35 PM Go Lakers wrote:

> I worked at GE Capital a long time and I can assure you that winning
> the deal from the customer was only 25% of the battle - getting it
> approved internally was 75% of the battle.
>
> They are very conservative and losses will not prove any more an
> issue for them than any other lender. And they don't play in the
> pool as far down as CIT, they are pure middle-market. What will prove
> an issue for GE though is leverage (both theirs and their customers)
> and that's why CRE is the thorn in their side.
>
> If they can get through the trough and CRE doesn't completely implode
> on them, they will make it. And comfortably.

GE Capital: Next CIT?

EXACTLY RIGHT.

What the permabull sheeple at this forum seem to not get is that GE is wiped out a 100 times over in toxic assets. THEY HAVE NEGATIVE VALUE.

The sole reason they exist was that they were bailed out in several laughably illegal ways, such as becoming a bank holding company (and then exemptions from what that actually entails of course) because they ain't.

And no interest loans from the Gov't who has no business making loans to anybody (talk about the original broke ponzi)

GE will screw us all with their blatantly corrupt GREEN scam in it's many forms, all of which will simply drain our society of money starting with the taxpayer and anybody else that uses elecricity or gasoline.


On Jul 30 12:18 PM Duude wrote:

> The GE plan is to cook the books and hang on till they see a gargantuan
> push by the Obama administration on cap and trade. GE figures they
> are as best positioned as anyone to benefit from a fully implemented
> cap and trade economy. They may be right, but they're totally miscalculating
> the speed of ramping up a cap and trade economy. The government knows
> if they push anything in this area before 2013, reelection is out.
> That leaves GE to fend for itself for 3.5 years with a slow slogging
> economy and an almost certain landmine in commercial real estate.
> This should unfold into a great short in the not too distant future.

CNBC Viewership Down 28%

pinhead.

CNBC is and will forever be the tool of GE and Obama. The staff was publically threatened to only say great things about Hussein O.

That's not remotely right wing.


On Jul 30 01:51 PM cswalker21 wrote:

> I've tuned in CNBC in the morning for years, just to get an update
> on any economic numbers released and get a sense of where the markets
> are heading. Lately I have to turn the sound off and just look at
> the numbers. The commentary is getting ridiculous. All they talk
> about is politics and it is very one-sided. As these ratings numbers
> show, CNBC has failed at gaining viewers by turning itself into a
> mouthpiece for the right wing, ala Fox News.

GE Capital: Next CIT?

Emerge from suckling at the taxpayer teet, I imagine?


On Jul 29 08:59 AM nobby73 wrote:

> This is very reminiscent of the South Korean Chaebols in the nineties
> - huge sprawling conglomerates, accounts almost impossible for investors
> to make sense out of with profit margins maintained through huge,
> cheap short term borrowings with a refinancing risk nobody dared
> think about.
>
> I like this comment - "Post this cycle, GE Capital will emerge as
> competitively advantaged $400bn business with attractive returns"
>
>
> Emerge from what, Chapter 11?

Buffett's $5B Goldman Investment Up $2B? Try $6B

Buffett sures does a lot of business with the criminals and thugs of the world these days. Both at his day job and his little
'appointment'.

Chinese Stock Market Bottoms: What Should U.S. Investors Do?

Every week is the new bottom. Same as the old bottom.