swellman

GE Capital Default Risk Soars

What the man is saying is that credit risk for GE is going up and fast, this doesn't mean they are going to collapse it just means the probability of this happening is running a lot lot higher right now. GE approached Buffet for the loan because they understand the risk they face, they would have never went into this deal if they weren't forced too. These aren't regular times some very big names are going down, it won't be pretty.