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Wednesday, July 1, 2009

GE Quietly Bailed Out

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.

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