CHART: General Electric Profits
A few notes on Jack Welch and criminal behavior by GE under his helm.
Anyone else pound their head against a wall when Welch complained about BLS manipulation in Friday's jobs report? Welch wrote the book on cheating.
After the 2000 crash, we learned of earnings manipulation and accounting gimickry inside GE. GE Capital acted as an opaque leveraged hedge fund that always could be counted on to help GE beat by a penny. GE eventually settled accounting fraud charges with the SEC.
Links:
GE’s Jack Welch Knows All About Cooking the Books - Ritholtz
Gingrich Says Welch Conspiracy Theory on Jobs Report 'Rings True'
Meet The Press: Experts Dismiss Claims of 'Cooking Books' on Jobs Data
Meet the Obama Donors who work for at the BLS
Virginia: Romney 49%, Obama 48%
Ohio Poll: Romney leads Obama 51-48
Romney's debate victory spooked the mainstream liberal media
Iranian Official: Iran Needs '24 Hours And An Excuse' To Annihilate Israel
VIDEO: Schwarzenegger Does Arianna Huffington Impression
---
Welch with Anderson Cooper discussing his BLS comments:
