A lot of it was we had more people posting then frequently. If you go back and look at some of the Bush 2006-Obama first term threads you can see a bunch of different people posting in them.
Let’s just pray if some higher ups go down that they get massive severance packages. Without it some of them may be forced to sell a few houses and yachts.
If you look at Markopolos’ and McPherson’s bona fides… GE is screwed. They wouldn’t be making these allegations with their names attached if they didn’t believe it and have real hard evidence.
They even claimed they turned material over to law enforcement. What do you think the chances are that these two would risk the lawsuits from GE investors and criminal prosecution by fabricating the 170 page report?
He was right about Madoff, he was right about Forex market price fixing. When he drops stuff, people go to jail.
The bitch of it is their jet engines and other products are really damn good. How many honest engineers, QA guys, factory workers etc… are going to be hurt by this bankruptcy when they did a good job?
This is just further proof that a conglomerate adds no value that investors can’t get for free by simply buying stock in companies in different sectors.