What's the Matter With GE?
Every time I turn around I hear about GE Capital making a bad loan.
GECC is a new owner of the Minneapolis Star Tribune, thanks to a bad loan and a debt-for-equity swap.
Monday, September 28, 2009
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2 comments:
For a while it was pretty much assumed the more assets (loans) you had (made) the more money you'd make. Not getting paid back was some kind of remote possibility.
I cannot believe that whole debt orgy will end with the market bouncing back so quickly and staying there. If you look at it objectively, the US is just a big Ponzi scheme.
Yes - can you really solve problems by sweeping them under the rug?
What does the eagerness to kick the can down the road say about our true circumstances?
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