Company
GE Capital
TL;DR
GE's finance arm that was 50%+ of profits by 2007.
GE's finance arm that was 50%+ of profits by 2007. Lent to real estate, corporate leveraged buyouts, and consumer finance. When the 2008 financial crisis hit, GE Capital had $500B+ in liabilities and nearly bankrupted its parent company. GE sold $200B+ in GE Capital assets during 2015-2016 to avoid financial collapse.
Cautionary Notes on GE Capital
- Over-leverage with $500B+ in liabilities
- Nearly bankrupted parent company during 2008 financial crisis