Economy

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S&P downgrades debt-riddled GE and GE Capital (money.cnn.com)

submitted 3 weeks ago by tuxbot@infosec.pub to c/economy@lemmy.world

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[–] tmyakal@lemm.ee 1 points 3 weeks ago (1 children)

This article is four years old. GE did react and right the ship, eventually splitting into three separate companies for the three business sectors they serviced. All of them seem to be doing fine.

[–] sunzu2@thebrainbin.org 1 points 3 weeks ago (1 children)

How much fed money did they take during that time period?

[–] tmyakal@lemm.ee 2 points 3 weeks ago (1 children)

Tons. It turns out that when the government said they wanted to invest in American manufacturing and green energy, that meant giving a ton of money to an American manufacturer that is producing wind farms.

[–] sunzu2@thebrainbin.org 1 points 3 weeks ago

Aint private capital grand? 🤡