
GE stock is down like every other, and in addition, GE got hurt because the company also has a financial component that causes GE to be hit harder along with all the brokerages and banks.
Murdoch’s News Corp does not have a financial component, yet their stock is down more than 60%, compared to 50% for GE.
Why doesn’t Billo tell you that? The only answer is ‘HATE’ for GE to have the audacity to honor a contract. Almost forgot, Immelt is also the head of the much Hated (by Billo) NBC, CNBC, MSNBC and whatever else they own.
Here’s to you Billo, SCUMBAG EXTRAORDINAIRE.
Author: ronh1936
Keywords: O’Reilly GE bailout News Corp NWS stock prices down
Added: November 14, 2008