by Leonard Hyman and Willian Tilles • • 74 Comments
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.
by Wolf Richter • • Comments Off on The GAO Audit of the Fed Doesn’t Call It ‘Corruption’….
The audit report confirms what we already knew about the financial crisis: during the bailout mania at the Fed, trillions of dollars were handed out based on self-serving interests— “conflicts of interest,” the Government Accountability Office mercifully calls it.
