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by dylan604 958 days ago
At this point, isn't GE a financial company more than an engineering/electrics company?
1 comments

That was true until the Global Financial Crisis in 2008. Now, they use their finance arm to help customers finance very large purchases. This is common in heavy industry.
Isn't that precisely how it started? Then, they realized they had so much they could open that financing to more than just large industrial clients. Did they just scale it back to their original intent?