Getting your player ready...
HARTFORD, Conn. — General Electric said the U.S. government agreed to insure as much as $139 billion in debt for lending arm GE Capital, the second time in a month it has turned to a federal program designed to help companies during a global credit crunch.
Granting GE Capital, which isn’t a bank, access to a new Federal Deposit Insurance Corp. program may reassure investors and help the unit compete with banks that already have government protection behind their debt.
