Apr
15
A thought on GE’s opting out of the Finance Business
ByPaul Krugman writes about GE’s announcement to get out of the finance business. Why are they getting out? Financial reform from the Dodd-Frank legislation that includes “greater oversight, higher capital and liquidity requirements, etc.”
Paul Krugman says…
“And sure enough, what GE is in effect saying is that if we have to compete on a level playing field, if we can’t play the moral hazard game, it’s not worth being in this business. That’s a clear demonstration that reform is having a real effect.”…
A thought on GE’s opting out of the Finance Business
