Political question about Obama appointee and GE CEO Jeffrey Immelt?

Should a man that leads a company involved in accounting fraud be a member of Obama’s Economic Recovery Advisory Board or a class B director of the Federal Reserve Bank of New York?

Since 2001, the company kept its decade-long earnings streak going through manipulations, SEC alleges.

General Electric agreed to pay a million fine to the Securities and Exchange Commission, ending an investigation into accounting shenanigans that severely tarnished the company’s reputation and helped set the stage for last year’s collapse in its stock price.


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