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  • investingdog investingdog • Jul 21, 2009 10:26 PM Flag

    GE capital losses

    "GE Capital is currently hiding $40-$45 billion of embedded losses in the GE Capital portfolio. This $40-$45 billion of losses, if rinsed through the income statement all at once, would wipe the company out. In fact, if GE weren't able to fund itself with the "heroin injection" of the government's commercial paper program, it would already be bankrupt."
    (Henry Blodget, July 19, 2009)

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    • jeyebolt2003 jeyebolt2003 • Jul 21, 2009 10:31 PM Flag

      Funny that CNBC doesn't report this story. If it was about any other company. It would be a every 5 minute story.

      <<GE Capital is currently hiding $40-$45 billion of embedded losses in the GE Capital portfolio. This $40-$45 billion of losses, if rinsed through the income statement all at once, would wipe the company out. In fact, if GE weren't able to fund itself with the "heroin injection" of the government's commercial paper program, it would already be bankrupt."
      (Henry Blodget, July 19, 2009) >>

    • rs_713 rs_713 • Jul 21, 2009 10:31 PM Flag

      Every bank would also be bankrupt but their not right? So whats the difference? GE has no mark to market...its part of being a bank...Bottom line is GE will take losses each quarter until their gone and then their profits and real estate $$ will rise boosting the stock back to 30's. You actually think GE will does not know how this is done? GE is under valued...just wait and see.

 
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