March 11, 2010 | Updated 3:38pm



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Paulson Book: Behind the Scenes, GE’s Top Exec Confided Credit Woes

02/08/10


As the financial crisis worsened toward the end of 2008, CEO Jeffrey Immelt and other leaders at General Electric repeatedly assured the public that there was no need to worry about the company's ability to access credit markets and refinance its massive debts as they came due. But in private conversations that alarmed then-Treasury Secretary Henry Paulson, Immelt laid out a different picture of GE's credit situation, according to Paulson's new book about the crisis.

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