Ge Earnings Tomorrow-neg Surprise With Subprime Exposure?

I think ge has a bit of exposure to the subprime mess...we'll find out tomorow morning in their earnings report...could move the market.

 

What is their relationship to subprime??

 

their financial unit

 

They were involved in subprime mortgages through their unit WMC Mortgage, I dont know if they sold it off, it was the 5th biggest subprime lender at the time.

 

You'll see a lot of unhappy faces on CNBC anchors if their earnings shit the bed.. Sure, they have a lot invested in them in their 401k's. Wonder if they have a nice 2-1 matching contribution.

 

They are usually extremely transparent, so I be surprised if they are hiding something.

 

All the more reason to watch Bloomberg.

 

LOL, I usually have Bloomberg on late at night when I watch the futures, Asia, and Europe action. For some reason, I leave CNBC on during the day. Maybe cause their anchor woman are hotter. Usually on mute though.

 

You got to have it on mute for Bartiromo, the most irritable person on daytime TV.

 

I hear ya, when she whines along with douche Cramer, its very irritating. Then you have that studdering donkey Rattigan who needs speech lessons.