I’ve said for years that they need to ramp down the finance business, and split the rest up into four smaller pieces. They also need to reduce the cyclicality of their remaining businesses.

It’s a valuable company, but don’t try to catch the bottom; liquidity is scarce, and GE needs it. It would not be impossible that it goes bust, and then the industrial businesses get sold off by the bondholders, while finance is wound down.

Any comments on Fairfax Financial and Oddissey RE?