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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Maurice Winn who wrote (69722)6/21/2008 12:18:59 PM
From: Elroy Jetson  Read Replies (1) of 74559
 
GE in the words of Bill Fleckenstein "is a Hedge Fund in drag".

Not only has debt fueled the growth of GE's mainline businesses, but debt has become their most profitable business.

GE has essentially become one of the world's larger banks, but unregulated and not linked to any lifeline when they fail. The losses there will be huge.
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