BUSINESS
04/07/2010 05:12 am ET Updated May 25, 2011

Paulson's Book 'On The Brink' Contradicts GE CEO's Claims, Could Affect Court Case

As the financial crisis worsened toward the end of 2008, chief executive Jeffrey Immelt and other leaders at General Electric repeatedly assured the public there was no need to worry about the company's ability to access credit markets and refinance its massive debts as they came due.

But in private conversations that alarmed then-Treasury Secretary Henry M. Paulson Jr., Immelt laid out a different picture of GE's credit situation, according to Paulson's new book about the crisis.

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