Yep.
GE cares about one thing and one thing only - profits. They don’t care about America or American jobs. Jeffrey Immelt (chairman of GE) is on Obama’s “Economic Recovery Advisory Board” - lol. Oh, and Immelt’s on the Board of Directors for the NY Federal Reserve too...
It’s just total bs and nonsense 24/7 from this administration and these so called “business leaders”. Meanwhile, these poor people in Winchester VA just lost their jobs. America needs to wake up.
The whole thing is sickening. The Chinese flourescent bulbs are filled with mercury and are a rip off. A man in Maine broke a bulb in his house and had to have the Maine EPA come out. Insanity.
I once had a minor dealing with GE and knew doctors buying MRIs who dealt with them. They are like arrogant mobsters with Wharton MBAs.
The joke is GE is essentially broke because they seel short term comml paper (debt) to float the whole thing. Uncle Sam Obama back up the debt about 14 + months ago.
GE was going to have another credit default swap (CDS) run on the bank. This is when the CDS is essentially default insurnace a company pays on the debt.
The manipulators (hedge fund shorts) drive the cost of the CDS up and then the company is essentially insolvent.
They did this in the late summer fall of 2008 to pick off banks and get Hussein elected. Lehman, Wachovia, Bear Stearns, Indy Mac, they just went down the list. Then the hedge funds started to go after Morgan Stanley and Goldman Sachs. They ran to Paulson and the SEC. The sharks were being attacked by other sharks.