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 Was Regulated by the Fed and It Was Costing Them Two Billion Plus a Year

Gee capital was a times over levered eight to one maybe more that idea of them being unregulated was at one point an asset for them right. After the global financial crisis when everyone who was regulated was guaranteed by the government all of a sudden they're left on their own island. Jeff Immelt felt like the Fed was in everything that it was doing and sitting in and it was board meetings and was basically regulating its financial business which was something he almost could have dealt with although he hated it.

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