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Friday, December 03, 2010

General Electric Tapped Fed To Borrow $16 Billion

General Electric Co. borrowed $16 billion through a Federal Reserve Board rescue program in the fall of 2008, even as the blue-ribbon company enjoyed the highest credit rating available at the time.
 
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2 comments:

  1. AnonymousDecember 3, 2010 at 10:09 AM

    GE is a powerful media company in addition to being a part of the military industrial complex.

    The printed their own money. That's what it means to borrow from the Federal Reserve - which is not federal and has no reserves.

    Learn the truth

    ReplyDelete
  2. AnonymousDecember 4, 2010 at 8:41 AM

    GE is a major Democrat donor.

    ReplyDelete

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