The coal and nuclear power generator may default in April.
The lure of forever-cheap money. But now rates are going up.
Nice to know our government is generous, even rewarding corporate failure.
Is the private equity tail wagging the public infrastructure dog?
A utility in Texas takes first steps. Incumbents not amused.
All kinds of factors are coming together beautifully.
Then there is the issue of long term predictions.
When all is said and sold off, GE’s debt burden – much of it attributable to GE Capital – looks enormous versus the size of remaining assets and cash flow.
Even the Financial Times throws in the towel.
So who is taking the risks, and who is getting paid to take them?