It matters for companies like GE (GE) with its AAA-rated balance sheet and good commercial paper that nobody's interested in, even if it makes no sense that they aren't.

And it is not clear, but it would be important if banks like Goldman Sachs (GS) can issue commercial paper and sell it to the Fed. We could use that, too.

But it is the finance model, the GE finance model, that this really helps. It is worth pointing it out because, again, anything that takes the Great Depression off the table -- including the ability for finance companies to, well, finance -- is very important. That means Honeywell (HON), Eaton (ETN), Parker-Hannifin (PH), United Tech (UTX) all should be doing better here, as well as Caterpillar (CAT) and Deere (DE), which have an ability to issue.

But it is the finance model, the GE finance model, that this really helps. It is worth pointing it out because, again, anything that takes the Great Depression off the table -- including the ability for finance companies to, well, finance -- is very important. That means Honeywell (HON), Eaton (ETN), Parker-Hannifin (PH), United Tech (UTX) all should be doing better here, as well as Caterpillar (CAT) and Deere (DE), which have an ability to issue.

But it is the finance model, the GE finance model, that this really helps. It is worth pointing it out because, again, anything that takes the Great Depression off the table -- including the ability for finance companies to, well, finance -- is very important. That means Honeywell (HON), Eaton (ETN), Parker-Hannifin (PH), United Tech (UTX) all should be doing better here, as well as Caterpillar (CAT) and Deere (DE), which have an ability to issue.

But it is the finance model, the GE finance model, that this really helps. It is worth pointing it out because, again, anything that takes the Great Depression off the table -- including the ability for finance companies to, well, finance -- is very important. That means Honeywell (HON), Eaton (ETN), Parker-Hannifin (PH), United Tech (UTX) all should be doing better here, as well as Caterpillar (CAT) and Deere (DE), which have an ability to issue.

But it is the finance model, the GE finance model, that this really helps. It is worth pointing it out because, again, anything that takes the Great Depression off the table -- including the ability for finance companies to, well, finance -- is very important. That means Honeywell (HON), Eaton (ETN), Parker-Hannifin (PH), United Tech (UTX) all should be doing better here, as well as Caterpillar (CAT) and Deere (DE), which have an ability to issue.

But it is the finance model, the GE finance model, that this really helps. It is worth pointing it out because, again, anything that takes the Great Depression off the table -- including the ability for finance companies to, well, finance -- is very important. That means Honeywell (HON), Eaton (ETN), Parker-Hannifin (PH), United Tech (UTX) all should be doing better here, as well as Caterpillar (CAT) and Deere (DE), which have an ability to issue.