Underreported: GE Capital
The Leonard Lopate Show | May 10, 2010
When you think about General Electric light-blubs and washing machines come to mind. But in 2007 GE Capital, the conglomerate’s financial services division, accounted for 55% of GE’s total profit. Justin Baer is US Business Reporter with the Financial Times and will explain just what GE Capital does and why it would be one of the largest banks in America if it wasn’t part of the "shadow banking" system.
