GE is a bank and a bank that has an over-inflated stock price.  It is widely held by many institutions and is being propped up, at least for now.  But time is running out for General Electric.

GE Stock Worth Just 2 Says Longtime Bear Charles Ortel: Tech Ticker, Yahoo! Finance.

If 2008 hadn’t been the year of Wall Street’s Armageddon, it might have been remembered as the year General Electric was revealed to be a financial company masquerading as an industrial conglomerate.

There are many stocks that are worthless.  Just take a look at those pesky 30 in the Dow Jones Industrials.  Sure, a few were recently removed, like General Motors.  But it was replaced with Travelers — an insurance company — think AIG and you have it about right.

Wall Street is about ready for another big leg down when a more people realize that it is just a house of cards.   Too bad so many people have their future resting on the greed that is Wall Street.  Even the likes of the U.S. Treasury and the Federal Reserve will only be able to keep it standing for a limited amount of time.  Can you smell the dollar declining, not being a reserve currency, and hyper-inflation?  Meanwhile, maybe it is time for another stimulus, aka corporate welfare.  Give corporations lots of money so they can consolidate industries and lay off more workers.  That always works out so well.

America is doomed.