As Seen in The Wall Street Journal
GE Capital - Failure Museum

GE Capital plowed into commercial real estate near the top of the market. And it bought WMC Mortgage, a subprime lender, in the midst of the mortgage crisis.  GE’s stock price crashed during the 2008 meltdown in large part because Wall Street treated it as a bank instead of an industrial company.

Picture of Sean Jacobsohn

Sean Jacobsohn

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