2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP527: The Epic Collapse of GE w/ William Cohan

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Gee Capital Bankruptcy

In 2000 Jeff had to go happen hand to Hank Paulson the treasury secretary and beg him to solve the problem that gee capital is having in borrowing. The markets had dried up in September of 2008 and g Capital no longer had access to those kind of funding. Sheila Bear basically was forced to let gee into all of these financing lines of credit that the government was making available to other financial institutions. All this occurred without anybody realizing what was going on.

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