referring to GE Capital as a “specialty finance division”? This was an utter misrepresentation of the fact that the Federal Reserve had declared it a SIFI and that the business was, in 2013, still the single largest generator of GE’s segment profits, at $8.3 billion. (The next closest was Power and Water, at nearly $5 billion in profit.) The analysts pushed backed on Jeff’s disingenuous use of the term “specialty finance division.”
