Indeed it is and that approach nuked both GM and GE. As bombcar noted in a parallel comment though, it was even worse in the Internet crash. I suppose in toda

Indeed it is and that approach nuked both GM and GE. As bombcar noted in a parallel comment though, it was even worse in the Internet crash. I suppose in today's Bayes-obsessed world another lesson is: don't finance your customers' purchases if your company name is a two-letter acronym starting with G.