Why Even A $139 Billion Bailout Couldn't Save GE

13 years ago, GE was the largest company in the world stretching across dozens of industries and sectors. But, they were also the company with the most amount of debt in the world. In fact, GE had over half a trillion dollars worth of debt going into the financial crisis. As you would guess, they got destroyed by the recession and the federal government actually bailed them out. And the bailout wasn’t $10, $20, or even $30 billion. The bailout was a disgusting $139 billion. Despite the bailout, GE is still doing worse than ever. They’ve sold off the vast majority of their businesses and they’re only left with healthcare, aviation, and energy. And GE is planning on spinning off healthcare and energy within the next few years as well. So, GE will only be left with the aviation industry. This is not exactly a bad thing given that GE has a respectable position within the aviation industry. However, in comparison to their peak, this is nothing. This video explains why GE had such a monumental collapse and what happened to GE.

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Timestamps:
0:00 - The State Of GE
1:27 - House Of Cards
5:42 - Bubble Pop
7:47 - The Reckoning
10:20 - Recovery

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Resources:
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