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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: koan who wrote (89128)10/25/2008 3:22:15 PM
From: mishedlo5 Recommendations  Read Replies (2) of 116555
 
GE Needs Fed Bailout To Finance Operations; Dividend At Risk
globaleconomicanalysis.blogspot.com

GE is struggling to get short term financing at a price it wants to pay. So what does GE do? The answer is twofold:

1) Borrow from the Commercial Paper Funding Facility

2) Pretend this is a good thing.

Consider this ridiculous headline: GE to Sell CP to Fed to Help Unlock Credit Markets. ...
Mish
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