Posts Tagged ‘ge capital’

More Private Risk Transferred to Public; GE to Issue FDIC Backed Bonds

Monday, March 9, 2009 10:34 1 Comment

Private gains through public risk.
In the latest of public subsidies handed out to private corporations, GE Capital will sell debt this week under the Federal Deposit Insurance Corp.’s (FDIC) Temporary Liquidity Guarantee Program. GE will enjoy a very low cost of borrowing as it issues bonds backed by the full faith and credit of the [...]

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