[agere_contra]

General Electric owes its creditors about half a trillion dollars, and has net assets of less than 20 billion dollars. GE spends 90% of its income just servicing its debts.

GE has no hope and no future except as a tit-sucking parasite. Of course the CEO is directing his people to grab all the stimulus tax money they can.

[FromLori]

GE should be allowed to fail just like the banks who sucked up our tax dollars. lol I used a similar metaphor in another response as yours.

[SnuffaBolshevik]

"General Electric owes its creditors about half a trillion dollars, and has net assets of less than 20 billion dollars. GE spends 90% of its income just servicing its debts."

Hah!

I remember about 12 years ago, the pump and dump pimps were touting GE as "a massive cash generation machine" that was a no-brainer buy.
Thankfully, I got out a while back at $37.

[Zeppelin]

General Electric owes its creditors about half a trillion dollars, and has net assets of less than 20 billion dollars. GE spends 90% of its income just servicing its debts.

Where did you get those numbers?

I'm looking at GE's 3Q2009 balance sheet and see total assets of $788bn and total liabilities of $670bn.

If I'm missing something, please let me know!