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GE doesn’t own GE capital any longer. Turned out to be a crazy situation where they needed the cash flow but the assets were messed up because of valuations and
by cdolan 5y ago
GE doesn’t own GE capital any longer. Turned out to be a crazy situation where they needed the cash flow but the assets were messed up because of valuations and insurance problems.
- geodel 5y agoIndeed. And not just that. GE finance division turned out to be its undoing. Maybe Amazon which looks invincible today will fall to the perils of leverage in finance.