This shws GE can sustain itself and shows that long term debt investors are willing to come in and provide further funding as needed. GE has profitability from non finance operations that are building reserves until GE capital is up and running on its own once again.
The GECC split will only come through if the new reform gets passed. That is a big IF and not only that it could take another year before some form of it gets passed. In addition, GE legal would appeal for grandfathering GE itself and probably wont happen. GE is also reducing its toxic asets to a point where it is no longer a "tier 1" bank. This in conjunction with taking a 5 year transition to do this...dont hold your breath...it aint happening.
Just yesterday Barclays stated that the GE Capital's reserve to be insufficient!! What a lie!!! That tells a lot about the credibility of the Wall Street companies like Barclays publish. Can SEC take action against such crooks publishing outright lies so blatantly? Perhaps no because we are not a country really for the people and by the people but for the rich and powerful and by the rich and the powerful!! How long will this go on under Obama's reign?