You gave a better answer than AJ would. At least it touched on what they own that they hope to use to make money.
I'd almost like to like the guy, but he says so much non-sense trying to sound smart that it ruins it for me. Add to that asking personal questions about my finances, which he has no business even inquiring about, and I've lost interest.
GE is a leasing company. They own more patents than any other company, and they lease those patents to other companies in order for them to manufacture goods, often in buildings owned by GE which the companies also lease from them. I don't know what other people call it, but I call a company that does that a leasing company. There's no way in 10,000 years that AJ would have ever come up with the term "leasing company" when referencing GE and what business they are in.
This is why I, as a conservative, grow weary of dicussing the intricate details of building modern day skyscrapers with liberals who don't even know how to open a can of Lincoln Logs. Better for me to not respond and just let them rattle on about whatever they've convinced themselves to be true.
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Lucent Technologies the former Bell Labs had the most patents, till the French bought it with Alcatel. Patents mean nothing if you don't utilize them.
GE has been engaging in managed earnings and outright fraud for many years. They are also a recipient of TARP.
Jack Welch, the genius of the company converted them from a manufacturer to a finance company. Whether you wish to talk about leasing or other consumer credit vehicles.
GE's 2nd quarter income report showed declining revenues with increased profits. They cut expenses and sold assets. Probably committed some fraud in there as well around the edges. Nothing new, they've been massaging things for years, with impunity. The only people with more effective lobbyist than GE are the Wall Street banks.
The alternative energy business is peanuts. Not even Obama is serious about funding too much of it. They are still looking at their large traditional government contracts which are either large infrastructure projects or Military.
