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.
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.
GE Quietly Bailed Out
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