Posts Tagged ‘ C ’

GE, Banks lay an egg; Additional “Fraudclosure” court sanctions, losses loom

GE, Banks lay an egg; Additional “Fraudclosure” court sanctions, losses loom

Car Czar Consulting: The numbers say it all for GE, while the banks await a tsunami of trouble from consumer’s plaintiff attorney’s, state Attorney’s General and, ultimately, the courts. General Electric Company Common (NYSE: GE) Real Time 16.23 0.93 (5.42%) 1:44PM EDT The Connecticut-based company reported third-quarter net income of $2.2bn, down 11 per cent from $2.5bn in 2009. In the period GE set aside an additional $1.1bn, which it believes will fully cover losses at a former subsidiary...

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