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.
Q4 GDP Tracking: Mid 2% Range
2 hours ago
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).
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