Bill Gross raised the specter of GE Capital’s reliance on commercial paper as early as March 2002. He was right. Jim Grant raised concerns about GE and its business practices between 1998 and 2012. And he was right. Like Grant and Gross, Ravi Suria saw and articulated problems at GE with its funding and its accounting. He was right. Steve Tusa and a variety of other research analysts saw problems brewing at GE and wrote about them. They were right, too. Even Mike Damiano in his April 2017 article about Jeff was right. But there was always pushback from the GE apparatchiks to anything that
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