Replies to post #8464 on General Electric Company (GE)

[payupdeadbeat]

This empty can should never be taken seriously ever again. Further, he should be held accountable for the damage he caused.

[mdimport]

$GE just validated Markopolos's claim about the danger of $GE remaining a player in the LTC market. Its not a riposte at all.

In this reporter's view, Culp's goal should be getting out of long-term care, soon and for good, by handing the franchise to a rival insurer. It's clearly an option he's considering. "We've got a number of strategic options over time," he told investors in March. Considering the industry's history of heavy losses, finding a taker will be a tough task. GE might have to add billions of dollars in extra reserves as a sweetener. But dumping LTC would be the ultimate riposte to Markopolos, who's claiming that GE's book is so toxic no one would take it, and that the end game is bankruptcy.