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by paganel 55 days ago
> Are you aware that all heavy industry in all highly developed nations make extensive use of vendor financing to sell their products?

The OP did mention GE Capital, the motherload of all heavy industry vendor financing. And of massaging the accounting books in order to increase shareholder value in the short term, also.

1 comments

    > motherload of all heavy industry vendor financing
I doubt they are bigger than other national "heavy industry" champions from East Asia and Western/Central Europe. Without checking, I would guess that the global leaders are Boeing and Airbus.
Back in the day GE (including GE Capital) was, on paper at least, the largest company in the world when it comes to market cap, my memory is fuzzy but I’d say that happened just after the Dot Com crash and going into the Great Recession. Greater than a heavy industry company like Samsung, yes. Again, this was in a big part as a result of GE Capital doing very scammy things, but for a good few years Jack Welch was regarded like an actually business guru.
Its odd that don't care enough to at least confirm your arguments are right.

I'd suggest learning more about this subject instead of assuming you already know enough.