GE recorded massive net income losses from FY2007 to FY2009, peaking between FY2008 to FY2009 (with net income losses of 38% for GE and 78.3% for GE Capital), driven by the global financial crisis and recession. The performance of GE as a whole was largely tried to that of GE Capital, its larges and formerly most profitable business unit. GE Capital had become deeply ensnared in both the collapse of the credit markets through the excessive use of leverage leading up to FY2009 and the subprime mortgage crisis because it had bought a subprime mortgage company and heavily invested in commercial real estate.