Forbes: GE Capital's Demise Is 'Damning Indictment' of Fed
Steve Forbes (AP file photo)
The prevailing take on General Electric's recent decision to jettison most of its GE Capital unit is that the division was a victim of its own excessive speculation during the 2008 financial crisis. But Steve Forbes, editor-in-chief of Forbes Media, doesn't see it that way. GE' capital's fate represent "a damning indictment of both the Federal Reserve and bank regulators," he writes in an article for Forbes.com. [Full Story]
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