1.06.2012

Ahh, the good old days: When your "jobs czar" was just a czarling

Fraud and folly: The untold story of General Electric’s subprime debacle | iWatch News

For General Electric Co., hawking subprime mortgages was a long way from making light bulbs and jet engines.

That didn't stop the industrial giant from jumping into the subprime business in 2004, lending blue-chip respectability to the market for risky home loans by paying roughly half a billion dollars to buy California-based WMC Mortgage Corp.…

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