– GE CEO Says Now is a “Perfect Time To Be a Seller” (Dark Bid, April 10, 2015):
If you thought you had market impact problems, then you have never tried to sell $273 billion of loans.
GE Capital’s 2014 loan portfolio was marked at $363 billion. It will take a lot of maneuvering to bring it down to the $90 billion target. With the market at all-time highs and with valuations stretched beyond all conceivable rationality, GE CEO Jeff Immelt said now is a “perfect time to be a seller. People are lining up at the starting line.” Continue reading »