[Shermy]

Longer story from Bloomberg:

http://www.bloomberg.com/apps/news?pid=20601087&sid=a59q5TXyQY8E&refer=worldwide

[rabscuttle385]

*Ping!*

[Shermy]

.

[rabscuttle385]

The FDIC, eh?

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[Tarpon]

GE used to be a blue chip company. How quickly the mighty have fallen. Just one change in management, and poof.

[gondramB]

GE has been described as a hedge fund that also makes submarines and runs a network.

[dirtboy]

BOSTON (Reuters) – General Electric Co (GE.N) has secured the temporary backing of the Federal Deposit Insurance Corp for up to $139 billion of the debt of its finance arm, a spokesman said on Wednesday.

Why does the name 'Weimar' keep popping into my head the more I read of new bailouts and government guarantees?

[RatRipper]

The FDIC bails out NBC and MSNBC . . . What a pi$$er!!!!!!

GE should be required to divest from ownership in media outlets as a condition to accept bailouts!!!!!!!!!!!

[dajeeps]

I thought they all campaigned against corporate welfare.

Oh well, what’s a few hundred billion more...

I just wish those house republicans had stood their ground. Now everyone has their hand out.

[just me]

May be we should get in line. It will cost a bail out to feed your familyl.

[RightWhale]

Let’s all become banks. The finance industry seems to be the only growth industry anymore.

[sitetest]

And GE will pay large amounts in insurance premiums to the FDIC for the privilege.

I can’t say whether or not the insurance is priced properly, but if it is, then value (insurance from the FDIC) is being given in return for value (insurance premiums from GE).

[bigbob]

They should take it out of Jeff Immelts salary first, then liquidate MSNBC and NBC and if that’s still not enough money they should go after Jack Welch and his GE bootlickers like Bossidy, McNerney, and Blake who have since gone on to wreak havoc at Honeywell, 3M/Boeing, and Home Depot.

[JSDude1]

So now the fraudulant FDIC not only does banks, it also gives taxpayer money to corporations: WHY DON’T THESE A*HOLES JUST COME OUT AND DECLARE THEMSELVES A SOCIALST MASTERS OF THE WORLD; that way “we the people” can take up pitcforks, and muskets, and depose “our masters”.

[AmericanGirlRising]

PRAVDA’s ownership structure arrives sooner than expected.

[Mad Dawgg]

MR ATLAS.

Please pick up th white courtesy phone...

Its time to SHRUG!

[Safrguns]

GE is at the very top of my list of companies I will NEVER do business with again.

I will throw a party the day they announce bankruptcy.

Boycott these bastards

[Boiling Pots]

Goodness.

The fleecing of the Taxpayer is progressing at a rate much faster than once thought.

[DTogo]

GE shares were down $1.71, or 9.6 percent, at $16.10 on the New York Stock Exchange. Earlier they fell to $16.05, their lowest point in more than 11 years.

[DeuceTraveler]

If I recall, GE drove a lot of the lean six sigma thinking businesses wrap themselves around during the late 80s until now. Supposedly they had that and a leadership culture that allowed them to lead the market. What happened between then and now?

[Kent C]

Payoff for ‘in kind’ contributions from MSNBC. Probably part of Keith’s new contract.