Eugene David
...The One-Minute Pundit

Wednesday, November 12, 2008


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.

Home
Site Meter eXTReMe Tracker