General Electric: The Worst Bailout in the World
By Phil Kerpen
Policy Director, Americans for Prosperity
Tag Archives: Keith Olbermann
Worst Bailout In U.S. History: General Electric Gets $182.5 Billion In Obama Buddy Bailout: Project Calls For Jeffery Immelt’s Immediate Resignation.
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.
MSNBC Nazi White Supremacist Chris Matthews: Inciting Obama Goons To Violence! Giffords~Loughner “My Congress WOMAN voted against Nancy Pelosi! And is now DEAD to me!”
IS THE LEFT WING NAZI DAILY KOS INVOLVED IN ARIZONA MURDERS? “My CongressWOMAN voted against Nancy Pelosi! And is now DEAD to me!” — eerie Daily Kos hit piece on Gabrielle Giffords just two days before assassination attempt; repeated use of word “dead” in relation to Giffords just 48 hours before she and a dozen others were fired upon. UPDATE: Daily Kos scrubs “dead to me” thread but screengrabs document everything; UPDATE: school classmates and former friends describe shooter Jared Lee Loughner as committed Leftist.
Free Enterprise Project Launches Petition Calling For General Electric CEO Jeff Immelt To Immediately Resign
Washington, D.C. – Today the Free Enterprise Project released an online petition calling for Jeff Immelt to resign as Chairman and Chief Executive Officer of General Electric.
The petition can found at http://www.bigbusinesswatch.org.
“In a desperate attempt to find revenue, Immelt is seeking to profit from President Obama’s big government agenda,” said Tom Borelli, Ph.D., director of the National Center for Public Policy Research’s Free Enterprise Project. “Immelt successfully lobbied for Obama’s failed $787 billion economic stimulus plan and now he is actively lobbying for the president’s cap-and-trade policy. Immelt’s actions are responsible for putting our nation in deeper debt and looting future generations of their economic liberty.”
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.
