Apple Has 3X As Much $$ As US Gov
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Apple Has 3X As Much $$ As US Gov
"Apple AAPL +0.95% has three times as much cash on hand as does the US government, and over twice as much as does the UK.
http://www.forbes.com/sites/timworstall ... overnment/
These figures come to us from the Bank of America's BAC +0.76% wealth-management arm, US Trust, as reported by London’s the Telegraph.
In its most recent quarterly SEC filing, Apple reported that it had $158.8bn (£94.9bn) in cash and cash equivalents plus short- and long-term securities. US Trust reports that the cash-strapped American government has reserves of just $48.5bn (£29bn)."
http://www.forbes.com/sites/timworstall ... overnment/
These figures come to us from the Bank of America's BAC +0.76% wealth-management arm, US Trust, as reported by London’s the Telegraph.
In its most recent quarterly SEC filing, Apple reported that it had $158.8bn (£94.9bn) in cash and cash equivalents plus short- and long-term securities. US Trust reports that the cash-strapped American government has reserves of just $48.5bn (£29bn)."
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Re: Apple Has 3X As Much $$ As US Gov
Most of the active readers stopped commenting to contributors on Forbes a few months ago, that should give you a clue. Forbe doesnt care as it is already sold to China. There is nothing wrong from the above article -- the author got a few facts throw it in the topic sentence and it is shit from there. It is nothng more than sensationalizing from the typical Forbes contributors. But when hen serious questions are thrown they dodged; because they simply do not know an answer to it.
EVERYONE BOW DOWN AND PAY EXTREME HOMAGE TO HIS MAJESTIES flying chicken©
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