Perdido 03

Perdido 03

Tuesday, March 15, 2011

General Electric Brings Good Things To Life

Until they melt down - and then the stock plunges:

LONDON (MarketWatch) -- Shares in General Electric Co. /quotes/comstock/13*!ge/quotes/nls/ge (GE 18.73, -1.19, -5.97%) slumped 9% in premarket trading Tuesday as the situation at Japan's Fukushima Daiichi nuclear power plant worsened. GE designed the reactors used at the plant, where there has been a "substantial" radiation leak, according to Japanese Prime Minister Naoto Kan. The Wall Street Journal reported late Monday that GE is ready to offer technical assistant to the Japanese government and has has kept engineers on standby in a Wilmington, N.C., command center. Shares in GE fell 2.2% on Monday.

I bet there are some high school science teachers who can be scapegoated for this at some Education Nation Summit.

Let's get working on that right now!


  1. Jack Welch AKA Neutron Jack the corporate hack who was chosen by the Bloomberg/Klein DOE to lead the reform effort in NYC. He was the first to endorse the leadership academy if I am correct. This is Welch in a nut shell. A few years ago he had his mansion up for sale in Westchester. When no one nibbled what does Jack do? He raises the selling price on the mansion. Jack thinks everyone else is a Jack Off, No surprise about GE and the fraud that may cause international destruction.

  2. The Times story says nuclear people knew this GE design was flawed. Welch is scum and there is not a pit in hell deep enough for him to burn in.

    If I believed in hell, that is...