GE, the next Enron?

Harry Markopolos, a noted whistleblower, states GE is on the hood for long term care contracts. As a former financial advisor, who cost long term care, the industry is a bit shaky.

. NEW YORK, Aug 20 (Reuters) – General Electric Co ranks among the riskiest backers of long-term care insurance, suffering from both high exposure to claims and a relatively small cash pile to pay them, Fitch Ratings said in a report on Tuesday.

https://www.cnbc.com/2019/08/20/reuters-america-update-1-general-electric-ranks-among-riskiest-long-term-care-insurers-fitch.html

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Author: JavaExchange

Learner, Scholar, Economists

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