Foreclosures are piling up. They mention GE at the bottom of this.
....GE Capital provides loans for everything from store brand credit cards to office buildings, making it a barometer of the stress that consumers, companies and lenders have felt during the recession.
With unemployment rising, corporate profits falling, and markets like commercial real estate tumbling, GE Capital has seen its losses and defaults on its loans grow sharply over the past several quarters. The division, once GE's biggest profit driver, posted an 80 percent drop in profits in the second quarter alone.
GE said that there are some signs of stability at GE Capital. Liquidity has improved, and GE said that global credit markets have loosened considerably since they froze last year. Some segments have improved, like the company's U.S. consumer loan business. But others remain troubled, such as GE Capital's large portfolio of commercial real estate properties and loans....