Yep! GE is doing great. Forbe's magazine says:
The company's problems have been so bad recently that it accepted $3.0 billion from Warren Buffett's Berkshire Hathaway (nyse: BRK - news - people ) at a near-usurious 10.0% interest rate. Still, it didn't change the rising defaults in GE's finance business, its dangerous reliance on commercial paper or the lackluster performance of its industrial operations. (And this was in early October, before things got really nasty.)
The way to resolve their issues is to have a gazillion card holders with $100 credit lines? Sorry, but I disagree. They're not merely gardening their accounts, they're chopping everyone en masse. That... is a sign of panic.
