Chamois16

Three Companies Perfectly Positioned to Bridge the Energy Gap

Maybe Mr. Fessler should meet Mr Quinn, also of seekingalpha

General Electric: Genuine Risk of Collapse?
by: James Quinn November 17, 2008 | about stocks: GE

General Electric (GE), the legendary American institution, founded in 1878 by Thomas Edison, is in deep trouble. Its PR machine has been in constant spin mode as the company sinks deeper into despair. It is one of the few companies in the U.S. that still retains a AAA rating. Considering Moody’s and S&P’s track record, rating companies and financial instruments, that AAA rating is not worth the paper it is written on. One look at GE’s balance sheet will convince you they do not deserve a AAA rating. AAA companies do not need to take the desperate actions that GE has taken in the last few months.? etc etc in a very long screed.