General Electric agreed to pay the Department of Justice a $1.5 billion penalty for alleged accounting misrepresentations stemming from the company's now defunct subprime mortgage business WMC.
div > div.group > p:first-child"> GE shares slid lower by 0.6% in midday trading, as the settlement amount was largely expected. The company announced the settlement in principle during the company's fourth quarter earnings report in January.
Can we build more wall with that?
And people complain about socialism. That's fine, but real talk, how long would GE be in business if it wasn't getting rescued by subsidies of one form or another? They have always been corrupt and their products in most sectors are some of the worst performing in the market.
It would be great if generalelectric would pay taxes like all Americans.
GE is just an empty corruption shell