Wow, my GE stocks are doing great!

[rudder]

Early on I knew Obama would win the election... I knew George Soros was a major shareholder in GE. Soros is a big contributer to Obama... so I just followed the money.

Besides a bunch of new contracts, GE is the top recipient in the Debt-Guarantee program

This enables them to save billions by getting very low interest rates with none of hoops banks have to go through to get the money.

 

[Special K]

It's also the DOW's worst performer of 2009.

 

[StageLeft]

Originally posted by: Special K
It's also the DOW's worst performer of 2009.

lol

 

[rudder]

Originally posted by: Skoorb

Originally posted by: Special K
It's also the DOW's worst performer of 2009.

lol

I know the thread is not really about stock performance... just preferential treatment if you have a connection to the One.

 

[Cattlegod]

Originally posted by: Special K
It's also the DOW's worst performer of 2009.

Was just going to post that read it earlier today.

 

[CPA]

Originally posted by: Special K
It's also the DOW's worst performer of 2009.

That article is a little misleading. GM and Citi were removed from the Dow just a few weeks ago and both were much worse than GE. And even with the performance, it shouldn't hide the fact that GE (and Soros) is going to be highly rewarded thanks to Obama.

Also, if you would have bought in March, you would have almost doubled your money. What happened in March???? Oh, that's right, the bank bailouts.

 

[piasabird]

It is more likely that Citigroup [C] will outperform GE. Citigroup has been selling stock and has raising funds for reserves. They are too big to fail. Haa-Haaa. . . . . They are a long shot, but I think the stock will double by next march.

Remember that [BAC] was selling for $2.00 a share a while back.

 

[dawp]

Originally posted by: rudder

Originally posted by: Skoorb

Originally posted by: Special K
It's also the DOW's worst performer of 2009.

lol

I know the thread is not really about stock performance... just preferential treatment if you have a connection to the One.

Ya do know that this loophole was put in place under Bush and Obama is wanting to close it, don't ya.

So are you calling Bush "The One"?

GE Capital won approval to enter the FDIC program in mid-November with support from its regulator, the Office of Thrift Supervision. The company used the government guarantee to raise about $35 billion by the end of 2008. By the end of the first quarter of 2009, the total reached $74 billion, helping to cover the company's 2009 funding needs and about $8 billion of its projected needs for 2010.