While the world was awash with credit, these cheap funds provided GE Capital with a licence to print money.
眼下,全球正陷于次贷危机的席卷之中,这种廉价的投资无疑为GE金融提供了一张印钞许可证。
With GE Capital acting as a drag on the company, he vows that in the future finance will be a smaller part of the company.
因为通用资本在集团扮演着拖油瓶的角色,他发誓,在未来金融只会是通用很小的一部分业务。
GE「s shares fell to longtime lows in March as losses at the GE Capital finance arm forced it to cut its dividend and led to the loss of its coveted AAA credit rating.
通用电气股价在3月份跌至数年低点,因为受通用金融(GE Capital)的亏损拖累,通用电气被迫削减股息,还失去了令人慕的AAA信用评级。
This is a nexus of private-equity and hedge funds, money-market funds and auction-rate securities, non-banks such as GE Capital and new securities such as CDOs and credit-default swaps.
「影子银行业系统」是一种由私募股权、对沖基金、货币市场基金以及拍卖利率证券,外加诸如通用电气资本等非银行机构和债务抵押证券、信用违约掉期等新型证券所组成的网络。
The business model at GE Capital was built on the foundation of an AAA credit rating that gave the division access to huge amounts of cheap money through the commercial paper market.
GE金融的业务模式是建立在它的AAA信用评级基础上的,这可以让其通过商业票据市场低成本的获得巨额资本。
「What we are seeing even now is a mix of the older, more aggressiveform of lending coexisting with newer, more conservative types of loans, 」 saysKristi Colburn, of GE Capital Markets.
GE资本市场的KristiColburn说,「我们所看到的是旧式模式,和更有攻击性的新式模式组合而成的一个相对保守的贷款模式。」
GE Capital in its heyday was responsible for about 50% of the company」s revenue.
GE金融业务在鼎盛时期,其收入占到公司的50%。