Obama & GE - You Scratch My Back And I'll Scratch Yours

Now that we know that the White House "loves MSNBC", what of the relationship with it's parent company General Electric?

How a Loophole Benefits GE in Bank Rescue June 29, 2009

'General Electric, the world's largest industrial company, has quietly become the biggest beneficiary of one of the government's key rescue programs for banks.

At the same time, GE has avoided many of the restrictions facing other financial giants getting help from the government.

The company did not initially qualify for the program, under which the government sought to unfreeze credit markets by guaranteeing debt sold by banking firms. But regulators soon loosened the eligibility requirements, in part because of behind-the-scenes appeals from GE.

As a result, GE has joined major banks collectively saving billions of dollars by raising money for their operations at lower interest rates. Public records show that GE Capital, the company's massive financing arm, has issued nearly a quarter of the $340 billion in debt backed by the program, which is known as the Temporary Liquidity Guarantee Program, or TLGP. The government's actions have been "powerful and helpful" to the company, GE chief executive Jeffrey Immelt acknowledged in December.'
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When will the progressives take notice of the excess executive salaries and bonuses of the President's buddies over at the largest industrial company in the world? Watching MSNBC and NBC, they likely won't.