The shareholders can be proud of their CEO and his determined attempts to turn all the vast resources of GE to his political ambitions. NBC, MSNBC are democratic party mouthpieces at the orders of Immelt and his stooges at NBC. He wants political power and is now an advisor to Obama and is becoming a director on the NY fed reserve board. All he had to do was to forget about the shareholders and turn the resources of the company to his political ambitions, instead of the shareholders. He has done such a good job that GE is like citigroup, BAC and AIG needing major infussion of Tarp money to stay afloat. Now the Cash for Clunkers for appliances will bring more stolen taxpayer money into his hands. Good job GE.
Does anyone remember a time when American businesses went out to earn their own money, instead of waiting for the government to give them money?
I heard that Markopolos guy who exposed Madoff says that multiple swaps were purchased on one property. So, then, that is like buying insurance from State Farm, Farmers, Hartford, etc, then lighting your house on fire and collecting from all of them.