Jeffrey Immelt, GE CEO: Era Of Meanness, Greed Drawing to End
OPS_admin | Dec 10, 2009 | Comments 0
General Electric CEO Jeff Immelt has come clean about the financial crisis.
In prepared remarks during a speech at the U.S. Military Academy in West Point, NY on Wednesday, Immelt was remarkably candid about the causes of the near collapse of world financial market’s last year.
While GE is generally not considered to be a major recipient of taxpayer funds, Immelt has publicly admitted that last year’s bailout of the financial industry greatly benefited his company. As the Washington Post pointed out earlier this year, GE’s lending arm, GE Capital, saved billions from the government’s Temporary Liquidity Guarantee Program. Because it was not classified as a bank, GE Capital was able to evade some of the restrictions placed upon its peers on Wall Street.
Here’s Immelt:
Full Story Jeffrey Immelt, GE CEO: Era Of Meanness, Greed Drawing to End.
OPS: You don’t mind if we don’t hold our collective breath do you?
Filed Under: Fascism, Police State, Authoritarianism
Comments (0)
-
The oligarchs openly talking about a coup d'état in America?
Multi-millionaire lobbyist Grover Norquist is calling for the impeachment of President Obama. In an interview with the right-wing National Journal - Norquist warned that if President Obama wins re-election and decides to let the Bush tax cuts for the top 2% expire at the end of the year - then Republicans will "have enough votes in the Senate in 2014 to impeach [him]."What does that mean? It means that the super rich in America - and their political operatives like Norquist in Washington, DC - have now compared a tiny tax increase on the wealthy to high crimes and treason - the only Constitutional basis Congress can use to impeach a President. It sounds like the oligarchs are now openly talking about a coup d'état in America.-Thom(Do you think will try it? Tell us here.) -
LEGALIZE Democracy
" We the corporations" On January 21, 2010, with its ruling in Citizens United v. Federal Election Commission, the Supreme Court ruled that corporations are persons, entitled by the U.S. Constitution to buy elections and run our government. __________
MOVE to AMEND
a project of the CAMPAIGN TO LEGALIZE Democracy
Help end Corporate personhood
-
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. 
