Abstract
General Electric announced last week plans to sell off the bulk of its financing arm, GE Capital. Some have claimed that this move is a win for regulators trying to curb "too big to fail" conglomerates and suggested it's a sign that financial reform is working. I'm not so sure. I think it just means that the conglomerates left standing are now even more homogeneous and risk-prone.
Repository Citation
Baradaran, Mehrsa, "Hold the Champagne on GE Capital's Breakup" (2015). Popular Media. 221.
https://digitalcommons.law.uga.edu/fac_pm/221
Originally published at American Banker on April 13, 2015.