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Old 14th October 2008, 12:08   #3692 (permalink)
Track Coastal
 
Join Date: Aug 2006
Location: All over the place
Posts: 287
Back on subject...

More voters for Obama?

Retail shakeout: Experts cite credit freeze, sales slump - Oct. 13, 2008

GM closing factories in Wisconsin, Michigan - Oct. 13, 2008

29 of the Dow 30 rallied stupendously yesterday, guess which one went down?

General Electric. The company that manufacters lots of top quality stuff. Its in trouble.

Why? GE finance. If GE was a fine All-American athlete, as it should be (based the fine things it manufacturs), it has a cancer the size of a football in its guts. GE finance provides credit to people that shouldn't have it...from Wal-Mart credit cards, to Sub-Prime mortgages, to buy-now-pay-later at Aussie department stores.

Watch GE.
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