General Electric analyst weighs in on the fraud allegations

Shares of GE suffered its biggest decline since 2009 on Thursday after it was accused of accounting fraud. Bernie Madoff whistleblower Harry Markopolos told CNBC has a $38 billion problem. GE CEO Lawrence Culp issued a response to the claims saying, "GE will always take an allegation of financial misconduct seriously, but this is market manipulation." William Cohan, a special correspondent for Vanity Fair, and Nick Heymann, GE analyst at William Blair & Company, join "Squawk Box" to discuss.
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Fri, Aug 16 20198:59 AM EDT