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To: Wyätt Gwyön who wrote (48172)12/15/2000 1:12:43 PM
From: pater tenebrarum  Respond to of 436258
 
they are for instance financing 100ds of power plants via leases...some of which are now hurtling toward bankruptcy at warp speed. also aircraft engines...that denouement comes later, once the slowdown becomes more pronounced. and yes, i think they're already in deep doodoo over cars.



To: Wyätt Gwyön who wrote (48172)12/15/2000 1:14:03 PM
From: pater tenebrarum  Respond to of 436258
 
a more complete overview of GE Capital's activities:

Capital Services, a wholly owned subsidiary of GE, is a diversified
financial services company that creates comprehensive solutions to increase
client productivity and efficiency. Its operations consist of 28 distinct
businesses in the areas of Equipment Management, Consumer Services,
Mid-Market Financing, Specialized Financing and Specialty Insurance and
includes global operations in Europe, Asia and Latin America.

Aviation Services is one of the world's largest aircraft leasing companies,
with an owned/managed fleet of 850 airplanes and an additional 150 firm
Boeing and Airbus aircraft orders. GE Capital Aviation Services began its
involvement in aircraft finance in the U.S. over 30 years ago. Today, it has
numerous long-standing customer relationships globally and has significant
expertise in both aircraft hardware and complex financial/aircraft trading
transactions.

Commercial Equipment Financing provides innovative solutions to meet the
equipment and real estate financing needs of growing businesses, government
and not-for-profit entities.
Our specialists in the manufacturing, transportation, construction,
corporate aircraft, electronics, material handling, services, and healthcare
industries will help you with equipment acquisitions. Through creative
financing and lease structuring, you can increase your borrowing capacity,
leverage favorable tax situations, and mitigate equipment obsolescence.

Commercial Finance is a leading global provider of innovative financing
solutions primarily for non-investment grade companies. GE Commercial
Finance was created in 1994 and consists of seven customer-focused business
segments.

Employers Reinsurance Corporation is a world leader in risk management
solutions. ERC provides risk transfer to insurance companies, Fortune 1000
companies, self-insurers, healthcare providers, associations and other
groups.

GE Equity is the private equity arm of GE, and is a subsidiary of GE
Capital. GE Equity offers innovative deal structures, which includes the use
of preferred stock, convertible debt, subordinated debt, and common stock.
With a portfolio of over 150 companies located throughout the United States,
Latin America, Asia, and Europe, GE Equity provides creative, flexible, and
innovative deal structuring designed to satisfy the needs of its clients. GE
Equity was formed in late 1995 as part of GE Capital. With 120 investment
professionals, and five business units, GE Equity continues to create value
for its clients by providing them with the strength of the GE brand name,
distribution channels, technology support, business training, portfolio
company networking, sourcing discounts, GE knowledge and operating
experience.

Financial Assurance is a dynamic, integrated family of investment and
insurance companies, which includes nine business units. GE Financial
Assurance provides quality financial security solutions that help consumers
accumulate, preserve and protect wealth over a lifetime and achieve desired
financial goals during each stage of their lives.

Global Consumer Finance is a leading provider of credit services to
retailers and consumers in 29 countries around the world. Global Consumer
Finance offers private label credit cards and proprietary credit services to
some of the world's leading retailers and manufacturers, automobile
financing solutions through auto dealers, and diversified financial programs
directly to consumers.

GE Global eXchange Services combines innovative Internet commerce
technologies with Six Sigma process disciplines to create intelligence for
business supply chains around the globe. The company enables global
business-to-business Internet commerce by offering Internet Data Exchange
(IDE), which supports all major data formats including eXtensible markup
language (XML); Enterprise Application Integration (EAI) software;
procurement software and services; and trading partner exchanges. Managing
the world's largest electronic community of more than 100,000 trading
partners, GE Global eXchange Services is a part of GE Information Services,
Inc., a wholly-owned subsidiary of the General Electric Company, USA - and
is headquartered in Gaithersburg, Maryland. (800) 560-4347.

Mortgage Insurance Corporation for lenders and investors, we reduce
financial risk by protecting against borrower default. For borrowers, that
may mean an opportunity to buy a home sooner... with less down payment.

Real Estate finances and invests in a broad range of commercial and
residential properties. Real Estate provides financing for the acquisition
refinancing and renovation of income producing properties such as office
buildings, rental apartments, shopping centers, industrial buildings, mobile
home parks, hotels and warehouses. Financing includes intermediate to long
term senior or subordinated fixed and floating rate loans, as well as equity
on a joint venture basis. Loans range from $2 million for single property
mortgages to several hundred million for multi-property portfolios. Real
Estate also offers loan servicing and asset management expertise to other
real estate investors and advisory services for pension fund clients through
GE Capital Investment Advisors.

Structured Finance Group is a major investor and leading provider of
innovative financial solutions for clients in the global commercial and
industrial, communications, energy, and transportation sectors. With more
than 30 years of experience, Structured Finance Group meets the needs of its
clients by combining industry and technical expertise with significant
financial capabilities. It delivers a full range of sophisticated financial
services and products and participates in development projects, partnerships
and joint ventures.

Vendor Financial Services is a global leader in providing financial
solutions and services to equipment manufacturers, distributors, dealers and
end users. Vendor Financial Services has built and managed successful
private label and outsourced sales financing operations by creating flexible
programs that sell where our customers need to sell: directly to end users
of all sizes, through channel distribution, in the not-for-profit arena, to
local, state and federal governments. And every commitment is undertaken to
help our customers generate more revenue and enhance their brand equity
through innovative, tailored programs. With approximately $15 billion in
served assets, Vendor Financial Services works with our
customers to drive new business and make existing customers repeat customers
through superior service, a commitment to quality and fairness, and the
application to the latest technology.

Well, every one of the above is a time bomb!