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throwaway2037 • today at 7:18 AM • 2 replies • view on HN

    > To be honest, I think "vendor financing" is still a very risky premise.
Are you aware that all heavy industry in all highly developed nations make extensive use of vendor financing to sell their products? Siemens is a perfect example of a well-run, stable, industrial giant. They offer vendor financing for large purchases. Same for the "heavies" (Mitsubishi, Kawasaki, IHI, Hyundai, Doosan, Hanjin) in Japan and Korea.

If anyone is interested to learn about the damage that the financialisation of General Electric (USA) brought upon itself, you can ask ChatGPT to tell you the story. It is too long to repeat here.

Here is a sample prompt that I used to remind myself:

    > I am interested in the history of General Electric and the trouble that their financing units brought in the early to mid 2000s. Can you tell me more?

Replies

HappMacDonald • today at 8:18 AM

Are we replacing "Let me google that for you" with "Here is a prompt to feed ChatGPT" now?

Edit: I am not asking whether ChatGPT is better than Google Search, I am asking after the standard dodge of citing one's sources.

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paganel • today at 8:45 AM

> Are you aware that all heavy industry in all highly developed nations make extensive use of vendor financing to sell their products?

The OP did mention GE Capital, the motherload of all heavy industry vendor financing. And of massaging the accounting books in order to increase shareholder value in the short term, also.

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