GE Is New Target of Madoff Whistleblower

Harry Markopolos releases report on GE’s accounting, claiming its cash situation is far worse than disclosed and GE needs to boost insurance reserves. Company says claims are false, misleading.

The group’s research indicates that GE is short on working capital—a key measure of liquidity—and that its cash situation is far worse than disclosed in its regulatory filings.

THE SWAMP WHERE WE LIVE (August 15)

Will GE come to DC

hat-in-hand beggin'?

Their hired-gun spokesman

was once Ronald Reagan,

another fraud, fatally flawed,

who somehow Republicans still hold in awe.

Not that I wish to be seem a smarty,

but weren't Dems once the dumb racist party

of colluders and crooks

cooking the books

and treating voters

as gullible shnooks?

Everything changes,

still everything stays.

Like Archie and Edith sang,

“those were the days”.