GE – GE strives to leave government money behind

General Electric Co.

http://WhisperFromWallStreet.com offers daily stock alerts to subscribers.  Sign up for our free alerts newsletter.

GE’s Capital unit is striving to move away from an FDIC debt guarantee program, quite a bit earlier than was expected.  This begs the questions of whether money is loosening up.

GE Capital, which is the financial spoke of GE, announced Wednesday of it’s approval from the FDIC to leave (exit) their program, which had previously allowed the energy giant is issue debt as extremely low rates, since these were backed by Uncle Sam.

What’s interesting is this "permission to exit" comes shortly after our favorite uncle stating they would not come to the aid of CIT Group.  Possibly (in the long run) this is a good indicator since CIT was able to turn to the private sector and cob together a rescue package.

Maybe, just maybe this is a ray of financial sunshine and the gloomy days are drifting behind us.

"Obviously GE feels that they have strong enough liquidity that they don’t need additional backing to raise capital," said Dan Genter, chief executive officer of RNC Genter Capital Management, a Los Angeles-based money management firm that owns GE stock.

No where do things react to statements, predictions and facts as in the markets where GE was up around 2% on Wednesday after previously being among those (seemingly) shunned in the Dow.

WhisperfromWallStreet.com is a FREE award winning newsletter that specializes in sending alerts to our subscribers on stocks we think are going to run, why we think so, as well as teaching you how to become a better trader. We scan hundreds of stocks a day to find those that meet our criteria and when we find one, we send you an alert.

Sign up for our FREE alerts newsletter at WhisperfromWallStreet.com

Disclaimer: Full disclaimer at http://whisperfromwallstreet.com/disclaimer.php