Worst Bailout In U.S. History: General Electric Gets A $182.5 Billion In Obama Buddy Bailout. MSNBC Then Uses The Money In Nazi Propaganda And Smear Campaigns To Portray Anyone Asking For Transparency In Government As An Extremist!!!!!

Tell me again what a triple-A rating is good for? Not a whole lot, if one of the iconic triple-As in American industry, General Electric, has to go hat in hand to the federal government for a $182.5 billion bailout.

Or maybe G.E. isn’t the bulletproof financial juggernaut the rating agencies say. The company’s vaunted GE Capital unit has supposedly been a money machine for years, having generated solid returns come rain or shine. By now, the unit generates upwards of 40% of G.E. overall profits.

Except there’s one problem: G.E.’s financial services business may be the blackest box on Wall Street. The unit has little transparency, no regulatory oversight, and now, we are finding out, an unstable funding model.

In particular, G.E. has chosen to fund its finance business with short-term commercial paper rather than secure more stable long-term funding based on its triple-A rating–which, it appears, turns out to be fiction.

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