In addition to the short play, Harry Markopolos report is possibly a signal (warning shot?) to the SEC mouthbreatherers investigating GE's accounting practices. If true, which I have no proof that it is, that would give shorts two nice shots at a payoff: one today, and one when the SEC's (more harshly worded and complete?) report and (stiffer?) fine is announced later.
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sounds like he is getting information from former insiders who do know the truth. all dates back to the master of manipulation. The destroyer of companies, lives, communities and more. Neutron Jack.
This guy did his homework, and has just broadsided us all with the facts.
GE's legal department is going to be after him for the disrespect he showed to the beloved meatball trademark in his report, though. LOL!
The dude isn’t pulling any punches in this 3 minute interview with CNBC. He says GE might eventually go bankrupt (due to the LTC policies that it didn’t transfer to Genworth Financial when that spun off in 2004-2005).
https://www.cnbc.com/video/2019/08/15/madoff-whistleblower-harry-markopolos-ge-is-heading-for-bankruptcy.html