General Electric announced Tuesday that it is splitting its large industrial company into three different publicly traded entities…
GE Workers in Ohio and South Carolina Walk Out to Protest Vaccination Mandate…
Employees at the General Electric Complex in Greenville, South Carolina, along with 750 GE employees in Ohio, conducted a walk out around 10:45am Thursday to protest the company’s vaccine mandate. Media have mostly been silent except for a few local reports…
FLASHBACK: List of U.S. Companies Secretly Owned by China: Tesla, Microsoft, GM, Uber,…
This is an amazing list, some of these you will never think about. China is buying all America…
Former Madoff Whistleblower Attacks GE Over $40 Billion Accounting Shortfall…
With markets looking to open in the red following Wednesday’s stunning drop, the infamous Madoff Whistleblower (who was ignored for years) Harry Markopolos has picked Thursday to publish a report about GE’s accounting strategies, claiming that the company’s ‘cash situation’ is a lot worse than the company’s filings would suggest. GE, for its part, has […]
General Electric Agrees to Pay $1.5 Billion Penalty for Alleged Misrepresentations Concerning Subprime Loans Included in Residential Mortgage-Backed Securities…
The Department of Justice today announced that General Electric (GE) will pay a civil penalty of $1.5 billion under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) to resolve claims involving subprime residential mortgage loans originated by WMC Mortgage (WMC), a GE subsidiary. WMC, GE, and their affiliates allegedly misrepresented the quality […]
The Decline and Fall of General Electric, the Poster Child of Obamanomics…
Sometimes we look back a decade or so and reconsider our word choice. For instance, I used to call General Electric — with its heavy lobbying, its intimate ties to the White House, all its bets on green energy, on embryonic stem cells, on Obamacare, on industrial policy — the “for-profit arm of the Obama […]