VodkaPundit

Pretty Soon You're Talking Real Losses

When I saw the lede

You’d think having $48 billion of cash on hand would be enough to get people to stop worrying that you might run out of it. The fact that, in GE’s case, it hasn’t highlights concerns about the ongoing deterioration of GE’s balance sheet.

…my first thought was that there must be a typo. Surely, Business Insider meant $48 billion wouldn’t be enough money to save GM (it isn’t). But, nope, General Electric could be in trouble, even with nearly 50 billion dollars in the kitty.

That’s just wrong.