[EdwinSm]

Regardless of the new allegations of massive fraud at GE, there does seem to be a history of trouble.

$this->bbcode_second_pass_quote('', 'I')n the past two years GE has announced more than $40bn in writedowns and accounting charges. The company has also disclosed that its accounting is being investigated by the Securities and Exchange Commission and the Department of Justice.

[EdwinSm]

I spent the afternoon skimming the report (although 175 pages long most are in simple graphical presentation format allowing a quick overview).

The Long Term Care Insurance seem to be in a very bad way, but I don't have enough accounting experience in insurance to judge that properly. However, if the allegations are correct then there has been significant lying in company advice to investors.

Regarding Baker Hughes there seems to be compelling reason for the allegations of fraudulent reporting (ie double reporting the assets in contravention of accounting laws).

The past history of fraud by GE and the small punishments when found out is of great concern...another case of Too Big To Fail ?

[Cog]

The author of this "report" is shorting GE stock with a third party. Grain of salt is about what I would give it. If the author had something credible he should have given it to the SEC and not leaked it to affect stock prices.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Cog', 'T')he author of this "report" is shorting GE stock with a third party. Grain of salt is about what I would give it. If the author had something credible he should have given it to the SEC and not leaked it to affect stock prices.