GE Bails Out of Sub-Prime Market

(via Reddit)

General Electric (GE), the US conglomerate, confirmed today that it is offloading its sub-prime mortgage business as American-based banks increase the number of foreclosures (or repossessions) on homeowners with a poor credit history.

Published by Andy

Gay Hoosier Taurus INFJ ex-playwright pianist gymbunny published author in San Francisco.

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