January 2, 2012
Nobody Understands Debt

via nytimes.com

July 29, 2011
Apple Now Has More Cash Than The U.S. Government

According to the latest daily statement from the U.S. Treasury, the government had an operating cash balance of $73.8 billion at the end of the day yesterday.

Apple’s last earnings report (PDF here) showed that the company had $76.2 billion in cash and marketable securities at the end of June.

In other words, the world’s largest tech company has more cash than the world’s largest sovereign government.

via businessinsider.com

The U.S. government should start making iPads. Too bad they’re made in China. 

9:06am  |   URL: http://tmblr.co/ZXpiby7fZhDY
  
Filed under: Apple U.S. Treasury debt money 
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