29 Companies Had More Cash Than The U.S. Treasury As Of July 13

[kpete]

http://thinkprogress.org/economy/2011/07/18/271513/29-companies-more-cash-than-treasury/

[Lint Head]

1. The Shock Doctrine is at work here.

[myrna minx]

2. That's chilling. Wow. n/t

[Eyerish]

3. K&R

[progressoid]

4. Good Lord.

[Autumn]

5. Good god that is obscene

K/R We bailed some of those fuckers out???????

[hack89]

9. What do you expect them to do with all this cash? nt

[Tatiana]

11. Oh... I don't know. Sit on it, probably.

After all, why would they want to help out our economy by hiring more workers, investing in their businesses putting more capital in circulation?

Corporate hoarders.

[hack89]

12. Most of those companies were Wall Street firms

are you suggesting they hire more bankers and brokers?

How does an investment firm create jobs? And why would a company invest in unneeded capacity? Demand creates jobs.

[BeFree]

13. How?

They invest. Invest in getting us off our oil addiction.

Of course that would mean they gave a damn about America and it's little people.
But they don't.

The only reason we have government is for the people.
But our government, and the people are broke and the bankers have the money.

So, either they invest the money, or hand it over. I say we take it and give them minimum wage jobs to keep them off welfare!

[hack89]

14. Invest in what exactly?

investing in unneeded capacity is throwing away money. If there is no demand for a product, creating more of it will not do anything except bankrupt the company.

And doesn't getting us off our oil addiction mean closing down many industries and getting rid of all those jobs?

[ChoppinBroccoli]

6. And I'm SURE That If You Peruse Their Records................

..............you'd see that they were just hiring people left and right...............right? Right? Hello?

[blkmusclmachine]

7. Look who controls the politicians.

Those are the REAL constituents.

[hack89]

8. This is due to the debt ceiling stand-off

the Government has been spending record amounts of cash to prevent running into the debt ceiling. They are spending cash when in the past they would have simply borrowed money.

[chill_wind]

10. In the meantime, Bailout Score Card

(ProPublica)


Altogether, accounting for both bailouts, $573 billion has gone out the door—invested, loaned, or paid out—while $271 billion has been returned.

The Treasury has been earning a return on most of the money invested or loaned. So far, it has earned $61 billion. When those revenues are taken into account, $241 billion is the net still outstanding as of Jun. 27, 2011.


Recipients- who has paid back and who still owes

http://projects.propublica.org/bailout/list/simple




Fannie and Freddie (the other bailout)

Total Allocation: Unlimited
Disbursed
$162,400,000,000
Revenue
$24,019,000,000
Net Outstanding: $138,381,000,000

The total amount invested in Fannie and Freddie so far is $162 billion. They have returned none of the money invested so far—and might never do so.

The Treasury has been earning a return on its investments. So far Fannie and Freddie have paid $24 billion in dividends to the Treasury.


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"Suck it up and cope, buddies! Suck it up and cope!" HAAAAhaaaahhhhaaaa.


http://www.bloomberg.com/news/2010-09-20/berkshire-s-munger-says-cash-strapped-should-suck-it-in-not-get-bailout.html