Gary...let me help you read the DETAILS of a balance sheet if I may...GE Capital IS NOT synonymous with financial services and if you know anything of GE's business portfolio, you would know that GECS is actually comprised of 4 or 5 businesses and a decent chunk of sales for the year were actually in some businesses that would not exactly be what JP Morgan or CitiGroup would consider at the core of their business offering (e.g., aircraft management, IT consulting, Americom with satellite comm services, auto fleet mgt, sale of modular space, etc)...GECS includes (with revenues in parens): consumer services ($17B), equipment mgt ($15B), mid-mkt fin ($4B), spec fin ($4B), spec. ins ($12B)...take a CAREFUL look at the individual business segments and then get back to me on better numbers...if you worked for me, I'd fire you in a New York minute...while GE is no laggard in the financial services arena, you need to be careful quoting that their financial services arm represents 50% of total revs.
Oh, and on that bit about gun control, no time for circuitous arguments. |
