GE's Leverage - A World Beater

Michael Milken: GE capital was contributing no less than 40 percent, if I remember correctly, to the company's already says, immense money machine in 1995. In 2006 and 7 and 8,GE has got a very, very large balance sheet and they're funding, what, 15% of it with 30-day or 90-day commercial paper? That's an IOU that only companies with the best credit rating can access. And as Jim Grant has said, there's no quadruple A. You're worried about that? Michael Milken asks.