Posted
6:02 PM
by Gene
Speaking of GE BANCORP, we have called it that for some time because it IS for all practical purposes a BANK with an INDUSTRIAL STUB, and for
ST. WARREN to have invested in it does NOT mean
its decision to become even MORE of a bank is any less -- dicey.
The shares are at their lowest level since January 1997....when LEGENDARY WELCH finished making it a BANK -- and started getting the HEARTBURN he normally inflicted on His peons.
``Inclusion in this program will allow us to source our debt competitively with other participating financial institutions,'' Wilkerson said. [Emphasis added]
YOU JUST CONFIRMED IT: YOUR EMPLOYER'S A BANK, SPOKESPOOP.