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ALERT: GE On a Stretcher
EconomicPolicyJournal.com ^
Posted on 03/04/2009 4:57:14 PM PST by Kozman
GE debt is trading like it is not going to make it.
It costs $7 million to insure $10 million in GE Capital debt for ten years. GE Capital credit default swaps require a $2 million up front payment, followed by $500,000 a year for ten years.
Got that? If you own a ten year GE debt instrument, over ten years it will cost you $7 million in insurance, through credit debt swaps, to guarantee you will get your $10 million back...
(Excerpt) Read more at economicpolicyjournal.com ...
TOPICS: Business/Economy; Government; Politics
KEYWORDS:
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1
posted on
03/04/2009 4:57:14 PM PST
by
Kozman
To: Kozman
BOSTON/CHICAGO (Reuters) – General Electric Co shares fell as much as 16 percent on Wednesday, touching their lowest point since 1991, as anxiety over a possible downgrade for GE and its finance unit was compounded by an investor lawsuit over a recent dividend cut.
GE shares have lost roughly 79 percent of their value over the past year, compared with a 45 percent drop for the Dow Jones industrial average.
2
posted on
03/04/2009 5:00:20 PM PST
by
Lady GOP
To: Kozman
Die GE. The company that owns NBC, MSNBC, CNBC made a deal with the devil and deserves to die.
Credit default swap insuarnce has skyrcoketed. Their AAA debt is heading for CCC-.
3
posted on
03/04/2009 5:00:27 PM PST
by
Frantzie
(Boycott GE - they own NBC, MSNBC, CNBC & Universal. Boycott Disney - they own ABC)
To: Kozman
time to spin off NBC, CNBC and shut down MSNBC
4
posted on
03/04/2009 5:00:31 PM PST
by
GeronL
(Will bankrupting America lead to socialism?)
To: Frantzie
Was there ever a CEO more overrated than the bull market manager extraordinaire, Jack Welch?
5
posted on
03/04/2009 5:01:08 PM PST
by
sobieski
To: Lady GOP
they need to sell their divisions I guess.
6
posted on
03/04/2009 5:01:19 PM PST
by
GeronL
(Will bankrupting America lead to socialism?)
To: Kozman
Quit working for that sh*thole company in November...glad that I made that move. Whew!
7
posted on
03/04/2009 5:01:32 PM PST
by
Shady Ray
To: GeronL
Ive been reading they are tanking. Bailout in the making.
8
posted on
03/04/2009 5:04:57 PM PST
by
Lady GOP
To: Lady GOP
it sounds worse than tanking.
9
posted on
03/04/2009 5:05:47 PM PST
by
GeronL
(Will bankrupting America lead to socialism?)
To: sobieski
“Was there ever a CEO more overrated than the bull market manager extraordinaire, Jack Welch?”
In his biography he sneered at “bending metal and stamping parts” and set a bold course to ditch manufacturing for finance. Way to go, Jack. Trade a fast buck for real economic strength.
To: Shady Ray
sounds like you made the right move
11
posted on
03/04/2009 5:06:20 PM PST
by
GeronL
(Will bankrupting America lead to socialism?)
To: Kozman
Interesting. Thanks for posting.
12
posted on
03/04/2009 5:07:28 PM PST
by
PGalt
To: GeronL
Spin off NBC, you crazy? That propaganda machine is their only hope for bailout. I bet they crank up the volume and cheerleader routines at NBC.
Last week I saw that NBC was fourth place in the three way race for nightly news audience. It's working.
13
posted on
03/04/2009 5:07:35 PM PST
by
Tarpon
(It's a common fact, one can't be liberal and rational at the same time.)
To: GeronL
14
posted on
03/04/2009 5:08:14 PM PST
by
Lady GOP
To: Tarpon
15
posted on
03/04/2009 5:08:42 PM PST
by
abb
("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
To: Tarpon
hey, I just searched and no one posted an article about Blockbuster Video??
16
posted on
03/04/2009 5:08:47 PM PST
by
GeronL
(Will bankrupting America lead to socialism?)
To: Kozman
But, but, but, GE is tooooo big to fail.
Time to fire some fat head NBC commentators and save some cash.
17
posted on
03/04/2009 5:09:54 PM PST
by
dangerdoc
(dangerdoc (not actually dangerous any more))
To: Lady GOP
yup. thats what the bailouts are. AIG is even worse.
18
posted on
03/04/2009 5:12:12 PM PST
by
GeronL
(Will bankrupting America lead to socialism?)
To: dangerdoc
They won’t let GE fail. All markets everywhere would make what has happened so far look like a tea party. I look for the gov’t to stand behind this one just like AIG.
To: GeronL
time to spin off NBC, CNBC and shut down MSNBC I say just let them die a slow death. Nothing but a mouthpiece for Zer0.
20
posted on
03/04/2009 5:13:29 PM PST
by
unixfox
(The 13th Amendment Abolished Slavery, The 16th Amendment Reinstated It !)
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