[arete]

If he was holding on to so much GE Capital debt, why would he force a downgrade in their credit rating?

Richard W.

[groanup]

"If he was holding on to so much GE Capital debt, why would he force a downgrade in their credit rating?"

He didn't. His holdings had already taken a supply hit almost the equivalent of a downgrade. He simply raised hell about them financing the world with commercial paper (borrow short and lend long are ugly words to old timers). I personally think he was so p**d at them that he was plotting revenge. At the time it seemed obsessive.