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GE's WMC Mortgage loans hit subprime index | Reuters
Mar 9, 2007 . s subprime mortgage unit is responsible for some of the . purchased WMC Finance Co. in 2004, when it was the sixth-biggest subprime lender .

Investigation: How lending industry ignored risks - CBS News
Jan 9, 2012 . That's what an executive at General Electric (GE) subsidiary WMC . other WMC workers who raised concerns about fraudulent mortgages, writes . The rampant fraud at WMC raises another key question: Why did GE buy the .

Using data from the gearing up for bad credit mortgages (US debt) and the geba inc term life insurance (annual global gold production), I come up with the following chart:
Click to enlarge

General Electric's WMC Mortgage Cuts Subprime Jobs (Update4 ...
Mar 9, 2007 . GE's WMC Mortgage, the fifth-biggest subprime lender in the U.S., this . two government-chartered companies that purchase mortgages from .

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