Is MSNBC Embarrassed By $139 Billion in FDIC Debt Guarantees?

Yeah it's a little old but we need to remember that Keith Olbermann and gang rely on looting America's taxpayers to get paid. Here's Bloomberg on the situation:

General Electric Co. said the U.S. government agreed to insure as much as $139 billion in debt for lending arm GE Capital Corp., 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, said Russell Wilkerson, a spokesman for the Fairfield, Connecticut-based company. Coverage would be for about $139 billion, or 125 percent of total senior unsecured debt outstanding

Rent seeking on a grand scale.