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.
“We are eligible now and included in the FDIC temporary liquidity guarantee program,” said Russell Wilkerson, a spokesman for the U.S. conglomerate.
(Excerpt) Read more at news.yahoo.com ...
ge of nbc fame? seems the government is now in the ‘free press’ business
Good, I hope it goes up tomorrow.