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Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”

 
marcomartim
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08/16/2019 06:09 PM
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Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
As Henry Markopolos readily admits, GE has reportedly been playing fast and loose with its revenues for decades, which is why thousands of analysts were shocked to see the dogged Madoff whistleblower publish a report Thursday morning warning about 'Accounting Irregularities' at the once-mighty industrial conglomerate, which amounted to almost $40 billion.

Markopolos continued that the fraud growing inside GE was "bigger than Enron and Worldcom combined"

[link to www.ft.com (secure)]
The gifts of the Holy Spirit, you do not receive in a school of charlatans
Beware of misinformation agents, they are infiltrating everywhere
Most of the things that have taught you about the story, is a farce
The truth is still out there
*It's easy to tame sheep...
marcomartim  (OP)

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08/16/2019 06:12 PM
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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”

The gifts of the Holy Spirit, you do not receive in a school of charlatans
Beware of misinformation agents, they are infiltrating everywhere
Most of the things that have taught you about the story, is a farce
The truth is still out there
*It's easy to tame sheep...
TlvmmCpoft

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Poland
08/16/2019 06:13 PM
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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
Good, they're all conceited holier than thou types over there.

Last Edited by TlvmmCpoft on 08/16/2019 06:13 PM
I don't know what lies they told you, but I can promise they were lies.

There's a fine line between training, trauma, and torture.
marcomartim  (OP)

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08/16/2019 06:22 PM
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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
GE mobilizing its troops in war against whistle blower Harry Markopolos

General Electric CEO Larry Culp isn’t backing down, instead, he is assembling the troops to take on a whistleblower accusing his company of financial fraud.

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The gifts of the Holy Spirit, you do not receive in a school of charlatans
Beware of misinformation agents, they are infiltrating everywhere
Most of the things that have taught you about the story, is a farce
The truth is still out there
*It's easy to tame sheep...
Anonymous Coward
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08/16/2019 06:25 PM
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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
yes. GE has had a 100 year run. time's up.
marcomartim  (OP)

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08/16/2019 07:12 PM
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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
Thank you for the pine
The gifts of the Holy Spirit, you do not receive in a school of charlatans
Beware of misinformation agents, they are infiltrating everywhere
Most of the things that have taught you about the story, is a farce
The truth is still out there
*It's easy to tame sheep...
Anonymous Coward
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08/16/2019 07:19 PM
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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
As Henry Markopolos readily admits, GE has reportedly been playing fast and loose with its revenues for decades, which is why thousands of analysts were shocked to see the dogged Madoff whistleblower publish a report Thursday morning warning about 'Accounting Irregularities' at the once-mighty industrial conglomerate, which amounted to almost $40 billion.

Markopolos continued that the fraud growing inside GE was "bigger than Enron and Worldcom combined"

[link to www.ft.com (secure)]
 Quoting: marcomartim


if GE is a fraud, then what is Deutsche ? HAHAHAH

going down in a cloud of dust one day, like 911
Flying Elvii

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08/16/2019 07:33 PM

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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
Peter Fonda is satanic scum who wrote horrifying things about Trump's child on Twitter.
 Quoting: WhyKnot


And? Quit being such a fucking snowflake you Orange Man cultist.
 Quoting: Anonymous Coward 77086513:MV80MTE1Mjg3Xzc0NjgxODQ2X0MwOTU0RTBGbutter



 Quoting: marcomartim


Jack Welch warned 11 years ago what was going on at GE.
They were getting rid of the bread and butter parts of the company, and going with the buying Democrats business model. What could go wrong? There would never be another Republican President, the media proclaimed.

GE went all in on Obama, knowing they already had many other Dems on the payroll.

For an investment of just millions, they got tens of billions in government subsidies under Obamunism, much of it selling and constructing Chinese-made windmills, subsidized with your tax money.

They were going to make billions more on “Green!” Energy projects under Hillary, like replacing the aging windmills the Obamunists built, and no bid military products like jet engines.

But, then TRUMP came along, and screwed up the entire gravy train....

Last Edited by Flying Elvii on 08/16/2019 07:34 PM
Flame Garcia

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08/16/2019 07:40 PM
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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
I think it's very possible and probably likely. GE has made some Terrible Investments and Acquisitions in the last few years and those chickens are coming home to roost - probably lots of layoffs and company closings - I feel for the employees as it has been upper management that has made the bad decisions - I know this on a personal basis as the company I work with was acquired and run into the ground -
"The road of life is paved with flat squirrels who couldn't make a decision"
samOmighty

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08/16/2019 07:49 PM

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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
This has the potential to start some serious shit.
Anonymous Coward
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08/16/2019 09:07 PM
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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
Bad Karma from the Edison days. Edison did everything he could to prevent Tesla from benefiting the world for free. Thread: JP Morgan, Westinghouse, and Edison cheated humanity out of centuries of tech advances due to greed.
Anonymous Coward
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08/16/2019 09:07 PM
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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
The crooks at GE were bailed out in 2008 to the tune of a half trillion dollars. Bush unlawfully looted the entire FDIC to bailout GE bondholders. All totally illegal and timed to occur during his lame duck transition to Obama.

No more bailouts for GE. Fuck them.
Anonymous Coward
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08/16/2019 09:10 PM
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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
Larry D. Croc

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08/16/2019 09:23 PM

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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
I used to do work for them. I'm not at all surprised by this.

Had a chance to work for them and politely said "no thanks". Never regretted taking a pass on joining that group of...
"Socialism only works in two places: Heaven where they don't need it and hell, where they already have it." Ronald Reagan

The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so." Ronald Reagan
Anonymous Coward
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08/16/2019 09:39 PM
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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
Probable happened under Jack Welch. He's a freak. Goes to 5 star restaurants and orders tuna fish out of the can. That's normal. Not.
Anonymous Coward
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08/16/2019 11:04 PM
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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
I'd say any company that does stupid shit like build nuclear reactors in fukushima where earthquakes and tidal waves are known to occur needs to become extinct
Anonymous Coward
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08/16/2019 11:45 PM
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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
yes. GE has had a 100 year run. time's up.
 Quoting: Anonymous Coward 76809044
Fall of the Dark Empire (NWO)
Rip 2019 [link to twitter.com]
American Airlines and Boeing
Anonymous Coward
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08/17/2019 02:28 AM
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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
I think it's very possible and probably likely. GE has made some Terrible Investments and Acquisitions in the last few years and those chickens are coming home to roost - probably lots of layoffs and company closings - I feel for the employees as it has been upper management that has made the bad decisions - I know this on a personal basis as the company I work with was acquired and run into the ground -
 Quoting: Flame Garcia


The morons have sold off successful endeavors. They've sold off divisions that are now making huge profits.
Anonymous Coward
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08/17/2019 02:40 AM
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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
GE bankrupted thousands of people at one time in the past ...

Perhaps it’s karma?
NowIhavetothinkofanam​e
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08/17/2019 03:05 AM
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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
GE bankrupted thousands of people at one time in the past ...

Perhaps it’s karma?
 Quoting: Anonymous Coward 77928112


I owe GE Money $45,000 on a buy now pay later store card from Hardly Normal. (Harvey Norman, a department chain store.)

GE is gonna bankrupt me and take all my crap.
Anonymous Coward
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08/17/2019 03:24 AM
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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
The only reason I want to start a "business" or "company" is to slide around in the grey areas of fraud/legal. Imagine these big faceless companies with hundreds of employees. You got people running lost dog posters right up to campaigning for the president on those printers at work
Anonymous Coward
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08/17/2019 03:29 AM
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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
Fukushima says YES!
Anonymous Coward
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08/17/2019 04:05 AM
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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
Every G.E. product I've ever used is absolute garbage. It's scary they make plane engines and reactors. Fuck them.
Anonymous Coward
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08/17/2019 04:39 AM
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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
Obama was complicit in this fraud,

Fukushima was the final nail in this fraud.


GE is somehow worth 8 dollars a share ?
Fukin ruined.


How many 401 k funds were defrauded by GE ? Enron looks like pikers.
Anonymous Coward
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08/17/2019 04:42 AM
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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
Peter Fonda is satanic scum who wrote horrifying things about Trump's child on Twitter.
 Quoting: WhyKnot


And? Quit being such a fucking snowflake you Orange Man cultist.
 Quoting: Anonymous Coward 77086513:MV80MTE1Mjg3Xzc0NjgxODQ2X0MwOTU0RTBGbutter



 Quoting: marcomartim


Jack Welch warned 11 years ago what was going on at GE.
They were getting rid of the bread and butter parts of the company, and going with the buying Democrats business model. What could go wrong? There would never be another Republican President, the media proclaimed.

GE went all in on Obama, knowing they already had many other Dems on the payroll.

For an investment of just millions, they got tens of billions in government subsidies under Obamunism, much of it selling and constructing Chinese-made windmills, subsidized with your tax money.

They were going to make billions more on “Green!” Energy projects under Hillary, like replacing the aging windmills the Obamunists built, and no bid military products like jet engines.

But, then TRUMP came along, and screwed up the entire gravy train....
 Quoting: Flying Elvii


Flat out fraud. Obama, Biden.
Anonymous Coward
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08/17/2019 04:45 AM
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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
I think it's very possible and probably likely. GE has made some Terrible Investments and Acquisitions in the last few years and those chickens are coming home to roost - probably lots of layoffs and company closings - I feel for the employees as it has been upper management that has made the bad decisions - I know this on a personal basis as the company I work with was acquired and run into the ground -
 Quoting: Flame Garcia


You realize that your pension is worth zero and your stock value will be .56 a share in two weeks ?
Anonymous Coward
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08/17/2019 04:48 AM
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Re: Can GE go bankrupt? Harry Markopolos says General Electric was “a bigger fraud than Enron”
I'd say any company that does stupid shit like build nuclear reactors in fukushima where earthquakes and tidal waves are known to occur needs to become extinct
 Quoting: Anonymous Coward 33029887


To be fair, when those reactors were planned , nobody gave a shit about japan, or believed that this shit could go so fucking sideways.





GLP