General Electric Hands Dodd-Frank Its Biggest Victory Yet

http://www.huffingtonpost.com/2015/04/10/ge-dodd-frank_n_7041662.html?cps=gravity_2428_3595874621790818448

The banking exit marks the ultimate reversal of one of the most storied legacies in American business. While GE is best known in households for microwaves and refrigerators, its reputation as a global business titan was built largely in the 1980s on its banking wing, GE Capital. Then-CEO Jack Welch built impressive earnings numbers by aggressively managing GE Capital's accounting profits. The company eventually settled accounting fraud charges with the SEC, and by 2008, its subprime mortgage operations nearly toppled the firm. GE ultimately tapped the federal government for support, issuing over $70 billion in debt guaranteed by the Federal Deposit Insurance Corp.