Molson Hart

That is not what I would expect a $100 billion value, established institution of corporate America to say; its what I would expect a guilty company to say. $GE

certainly not mincing words: "GE FRAUD" "Next Enron" etc etc

$GE 's poorly thought out knee jerk response is only matched by the accusers' poor use of rhetoric. get your popcorn ready.

"GE Is Headed Toward Bankruptcy" "GE Is the Next Enron" these read to me, as declarations of fact, rather than as opinions. $GE

This has the real potential to make lawyers very rich in the future. Potential future litigation/depositions: Lawyers deposing $GE: "if x, y, and z are true, how can you claim 'the allegations we have heard are entirely false and misleading'

Another deposition possibility = Lawyers deposing $GE report authors: "what was the purpose in phrasing opinions as declaratives? See exhibit 3901, a private email exchange. It suggests u thought ch 11 was a possibility not certainty. Please explain this inconsistency."

Funny story: 1 year ago, one of my analysts wanted to research $GE . I said no, telling him I had more confidence in our ability to gain an analytical advantage in the names in our pipeline- $1-$20 billion market cap stocks - vs $100 billion ones. no regrets, but kudos to him.

having read through the $GE report, past the rhetoric & credential puffing, I don't know it says other than "it's a zero in a recession". Not sure if anyone without advanced GE specific coverage experience and/or insurance analysis, will be able to understand within a day's time.