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To: bert
GE and GM are the two best examples of what used to be industrial giants, that started helping their customers finance purchases, and are now dominated by their financing arms. Like many financial companies, they are in serious trouble.

My uncertain recollection is that GE and GM both got themselves added to the list of financial companies whose stocks the SEC currently does not allow shorting.

GM however just got part of the $25 billion bailout in the other big bill from congress - the omnibus spending bill, so I'm hoping they can pay the rent for a few more weeks.

I suspect that GE (and GM) are representative of a class, but they are "outstanding" representatives of that class, and I don't offhand recall hearing specific names of any others in that class (well, Ford, perhaps).

108 posted on 09/28/2008 5:30:00 AM PDT by ThePythonicCow (By their false faith in Man as God, the left would destroy us. They call this faith change.)
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To: ThePythonicCow

.....GE and GM are the two best examples....

Thanks.

I thought both sold their finance operations.


170 posted on 09/28/2008 8:21:57 AM PDT by bert (K.E. N.P. +12 . Conservation? Let the NE Yankees freeze.... in the dark)
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