Why the man who uncovered the biggest fraud in US history thinks General Electric is the next Enron

In 1896, Charles Dow, the financial journalist who founded the Wall Street Journal, put together a list of 12 stocks intended to gauge the state of American industry.

Most of the names on the Dow Jones Industrial Average – The American Tobacco Company, US Leather, Tennessee Coal, Iron and Railroad – sound like companies from a bygone age of industrial tycoons.

None exist under their current name, except for one. Today, General Electric, a company formed in 1892 to consolidate Thomas Edison’s various electricity interests, still stands. For more than a century, the company saw its Dow Jones peers split up, acquired or go bankrupt while it held steady, the last remaining member of the famous benchmark….

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