Prescient Pricing

For years, while working at GE Capital, we were burdened by pricing parameters that required spreads of 300 to 400 bps over LIBOR. This reflected our view of the perceived risk as well as our costs based upon markedly lower leverage than the banks. We now understand that the banks have now caught up and spreads are approaching these levels. Of course the sad part is that GE has thrown in the towel on the transportation business ending an involvement that began over 30 years ago

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