R
At 01:34 PM 3/13/2002 -0500, you wrote:
>In May Worldcom's stock was about $20, now $7and change after a big bounce.
>They're under SEC investigation and apparently regularily lend the CEO
>millions to play the market on margin. But that couldn't happen with GE.
>Probably. Living off GE dividends and premiums. Such elegant decadance.
>
>GE to sell record $11 billion in debt
>
>By Rachel Koning, CBS.MarketWatch.com
>Last Update: 12:43 PM ET March 13, 2002
>
>NEW YORK (CBS.MW) - General Electric will offer $11 billion in debt in a
>sale expected Wednesday that will reign as the largest U.S.-based corporate
>bond auction ever, traders said.
>
>"Triple A" -rated General Electric Co.'s (GE: news, chart, profile) finance
>arm, GE Capital, will issue the debt on behalf of its parent. The sale was
>pegged at an already sizable $6 billion earlier this week.