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Old 07-11-2018, 08:01 PM   #31
ChiliConCarnage ChiliConCarnage is offline
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Join Date: Apr 2008
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Quote:
Originally Posted by BucEyedPea View Post
It also let the company off with an exceptionally mild slap-on-the-wrist fine of $50 million for cooking its books in the late 1990s and 2000s, when there might instead have been a large fine and criminal fraud charges.

As a further indication of its exceptionally close ties, the Obama administration inserted language into the late 2012 fiscal cliff bill that enabled the company to avoid paying much federal income taxes.[/INDENT]
The SEC won an incredible battle with GE to get those 50 million charges acknowledged. The SEC budget is a tiny fraction of what some of these megacorps barely notice profiting in. That's not an obama-era slap on the wrist, it's just life. I've not invested in GE since that date. What is the 2012 fiscal cliff about in that last paragraph?
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