I recently wrote Don't Forget About GE.
After some serious behind the scenes begging... err... negotiating, GE has managed to quietly collect about $80 billion in bailout money via the Temporary Liquidity Guarantee Program (TGLP). This is a program that GE didn't even qualify for until it found a loophole to exploit.
Jesse Cafe Americain caught the whole mess in Government Bails Out General Electric.
Wednesday, July 1, 2009
GE Quietly Bailed Out
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22 comments:
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It's a very sad news for GE. all there hard work all these years have gone to vain.
nice informative news
really informative but needs to look more on the recent information...:)
Temporary Liquidity Guarantee Program (TGLP)is a program that GE didn't even qualify for until it found a loophole to exploit.
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GE has managed to quietly collect about $80 billion in bailout money via the Temporary Liquidity Guarantee Program (TGLP).
All bloggers offered the same level of content as you, the internet would be a much better place.
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Really good post!!
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