GE Aerospace (GE)

[I-Man]

OK, Nobody knows GE better than I, from Erie, Pa seeing the last Conrail locomotive GE plant shut down completely after over 100 years of operation there.

Now, reading news yesterday that a conglomerate of top major banks are going to create a nearly $1/2 Trillion, yes, $500 Billion credit line for GE to utilize to be able to turn itself around "and become profitable again" is so beyond ludicrous to see- I foresee a major systemic fall happening that will collapse banking system and hurt all consumers in the end like every other greedy, fraudulent banking operation of the past has done. Whether past savings & loan scandals or other real estate fiascos or even the Duke Energy coal ash cleanups, all of these corporations/conglomerates always make the general public clean up their failures in way of more and continued fees, charges, costs... IT IS WRONG !!!

Doesn't anyone else out there see this as a major problem for the US economy and banking system as a whole?

I mean when Bill Mates made that deal with Feds under Clinton Admin in early 90's to not get banking license then (at least Gates had MSFT assets/cashflow), as too many high up feared him doing so regarding what it could do to "upsetting" the US banking system, that he gave way then to allowing Feds to have "backdoor keys" to furthermore follow and get into their software to monitor and watch people if they had to in the situation of a criminal act being done...

How so so many forget history...