According to a report from The Week, General Electric’s market capitalization decline has its origins in the rise and fall of its GE Capital financial service businesses.

The report suggests the fall began under Jack Welch’s leadership. Welch, who joined GE in 1981, created a $500 billion contender in the financial services space which became a major profit-driver for GE before the Great Recession.

The report notes a $12 billion emergency injection from investors like Warren Buffett kept GE Capital from imploding, as it could not borrow in the overnight markets. The company also received a $139 billion federal government bailout.

The author noted, “GE Capital was always the lead weight dragging down the overall company” and says its recent move to sell off $200 billion hasn’t been “enough to stanch the bleeding.”