To: Frantzie
GE, is technically broke.
Then why is their corporate debt ( bonds ) still rated close to AAA ?
To: SeekAndFind
Their debt is back stopped by Uncle Sam. $500 billion. The rating agencies are lying again. They did pretty well rating mortgage backed securities.
26 posted on
12/09/2009 8:04:17 AM PST by
Frantzie
(Judge David Carter - democrat & dishonorable Marine like John Murtha.)
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