GE Capital and the Bankruptcy of Bear Stearns

Jeff Imalt, the CEO of GE, had to basically go hat in hand to the Treasury Secretary, Hank Paulson. This was literally on the same day that Lehman filed for bankruptcy September 15, 2008. He was in Hank Paulson's office telling him he couldn't roll over GE's commercial paper. The SEC briefly banned short selling of financial institutions such as Morgan Stanley and Goldman Sachs.