CharlieWell I feel that ALL corporate bonds are a gamble. In fact in over 50 yrs of "investing" I alway avoided corporate bonds until the last decade. So yes, I do not think that corporate bonds are anywhere near as safe as Treasuries.I have sort of a rule that I will sell a stock that lowers its dividends. Yes, sometimes that is a good move for a company to make, but for a company like GE to break a 38 year record of increasing its dividends, I recognize it was not done casually so there must be some serious problems that they recognize. So I sold my GE common stock when they reduced the dividend (at a sizable loss, unfortunately). But I had also read that they may be forced to spin off GE Capital which worried me even more.I'm afraid that your comments on GE sound rather emotional rather than rational to me. GE is far more than turbines. I'm even sorry they got rid of half of NBC. My favorite TV stations are MSNBC and CNBC (along with PBS and TCM). But they apparently felt they had a hard time making it work profitably. And they even have tried to get rid of their electric light bulb business which is where they got their start. We all know what happened to Westinghouse when they got rid of their light bulb business. You lose your identity with the public.Corporations are not meant to be permanent institutions. When the reasons they were formed go away, they go away unless they reinvent themselves (like IBM and Corning have done). The second largest corporation in 1900 was U.S. Leather. They decided not to reinvent themselves so they went away. But light bulbs are different than leather. We still use them. Yes, I think there will have to be a very long-term transformation to compact fluorescent and LED lights, but that doesn't sound that hard. And there are lots and lots of people resisting this change.brucedoe
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