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General Electric, the bank posing as a light bulb company, announced today that it will use the Federal Reserve's new short term funding facility. GE's official statement sounded earily similar to the Lehman Brothers statement about testing the Fed's discount window in an effort to show that there was no stigma... right before Lehman Brothers filed for bankruptcy in the single largest FAIL in history.

GE spokesman Russell Wilkerson said, “To ensure access and operability and to demonstrate our support for the Fed’s action, we plan to test the facility."

In other words, we are in deep, deep shit and need government assistance in order to prevent bankruptcy of the second largest corporation in the world.

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Today during Congressional testimony, former Federal Reserve Chairman Alan Greenspan said, "Those of us who have looked to the self-interest of lending institutions to protect shareholder's equity, myself especially, are in a state of shocked disbelief."

Greenspan was once considered the most accomplished central banker in U.S. history and was affectionately referred to as "The Maestro".

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"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake up homeless."
- Thomas Jefferson, 1802