GE is a pile of shit with tons of toxic consumer and junk business financing paper on its books... ....that's why GE Capital was just granted access to the Treasury bailout bonanza...
A little rough. The rapid depreciation in the value of the stock makes it difficult for the option premiums to keep pace. Ask me again in 50 years.
GE was playing funny games with consumer financing and derivatives. They brink toxic, mortgage and future revenue stream asset backed paper, bundled and sliced up and reassembled into CDOs, to life.
I love how CNBC shits on all the banks but when they mention GE, there tone completely changes and they try to wiggle their way out of saying the stock is doomed. Fucking talking fat heads.