Commercial Paper Explained by GE

Jeff Immelt of GE and Jim Cramer talk about how commerical paper is used and discuss GE's position on commercial paper.  CP acts as a means of short term financing for companies.  When the times are good, it is very easy to borrow money on the cheap; however, when a crisis hits, spreads go up dramatically, increasing a corporations cost of funds.  He talks about how he drastically reduced their reliance on commercial paper during the mini crisis of 2002.

Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...
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