[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

"‘We Are Not the Crazy Ones’: AOC Protests Too Much"

"Rep. Comer to Newsmax: No Evidence Biden Approved Autopen Use"

"Donald Trump Has Broken the Progressive Ratchet"

"America Must Slash Red Tape to Make Nuclear Power Great Again!!"

"Why the DemocRATZ Activist Class Couldn’t Celebrate the Cease-Fire They Demanded"

Antifa Calls for CIVIL WAR!

British Police Make an Arrest...of a White Child Fishing in the Thames

"Sanctuary" Horde ASSAULTS Chicago... ELITE Marines SMASH Illegals Without Mercy

Trump hosts roundtable on ANTIFA

What's happening in Britain. Is happening in Ireland. The whole of Western Europe.

"The One About the Illegal Immigrant School Superintendent"

CouldnÂ’t believe he let me pet him at the end (Rhino)

Cops Go HANDS ON For Speaking At Meeting!

POWERFUL: Charlie Kirk's final speech delivered in South Korea 9/6/25

2026 in Bible Prophecy

2.4 Billion exposed to excessive heat

🔴 LIVE CHICAGO PORTLAND ICE IMMIGRATION DETENTION CENTER 24/7 PROTEST 9/28/2025

Young Conservative Proves Leftist Protesters Wrong

England is on the Brink of Civil War!

Charlie Kirk Shocks Florida State University With The TRUTH

IRL Confronting Protesters Outside UN Trump Meeting

The UK Revolution Has Started... Brit's Want Their Country Back

Inside Paris Dangerous ANTIFA Riots

Rioters STORM Chicago ICE HQ... "Deportation Unit" SCRAPES Invaders Off The Sidewalk

She Decoded A Specific Part In The Bible

Muslim College Student DUMBFOUNDED as Charlie Kirk Lists The Facts About Hamas

Charlie Kirk EVISCERATES Black Students After They OPENLY Support “Anti-White Racism” HEATED DEBATE

"Trump Rips U.N. as Useless During General Assembly Address: ‘Empty Words’"

Charlie Kirk VS the Wokies at University of Tennessee

Charlie Kirk Takes on 3 Professors & a Teacher

British leftist student tells Charlie Kirk facts are unfair

The 2 Billion View Video: Charlie Kirk's Most Viewed Clips of 2024

Antifa is now officially a terrorist organization.

The Greatness of Charlie Kirk: An Eyewitness Account of His Life and Martyrdom

Charlie Kirk Takes on Army of Libs at California's UCR

DR. ALVEDA KING: REST IN PEACE CHARLIE KIRK

Steven Bonnell wants to murder Americans he disagrees with

What the fagots LGBTQ really means

I watched Charlie Kirk get assassinated. This is my experience.

Elon Musk Delivers Stunning Remarks At Historic UK March (Tommy Robinson)

"Transcript: Mrs. Erika Kirk Delivers Public Address: ‘His Movement Will Go On’"

"Victor Davis Hanson to Newsmax: Kirk Slaying Crosses Rubicon"

Rest In Peace Charlie Kirk

Charlotte train murder: Graphic video captures random fatal stabbing of young Ukrainian refugee

Berlin in July 1945 - Probably the best restored film material you'll watch from that time!

Ok this is Funny

Walking Through 1980s Los Angeles: The City That Reinvented Cool

THE ZOMBIES OF AMERICA

THE OLDEST PHOTOS OF NEW YORK YOU'VE NEVER SEEN

John Rich – Calling Out P. Diddy, TVA Scandal, and Joel Osteen | SRS #232


Status: Not Logged In; Sign In

Economy
See other Economy Articles

Title: Companies hold record $837B in cash, yet won't hire workers
Source: USA Today
URL Source: http://www.usatoday.com/money/compa ... 28_ST_N.htm?utm_medium=twitter
Published: Jul 28, 2010
Author: Matt Krantz
Post Date: 2010-07-28 10:03:35 by lucysmom
Keywords: economy, profits, jobs
Views: 11859
Comments: 21

Anyone wondering where all the economy's jobs are might want to look into piggy banks of the world's biggest companies.

Cash is gushing into companies' coffers as they report what's shaping up to be the third-consecutive quarter of sharp earnings increases. But instead of spending on the typical things, such as expanding and hiring people, companies are mostly pocketing the money and stuffing it under their corporate mattresses.

Click for Full Text!

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

Begin Trace Mode for Comment # 17.

#15. To: lucysmom (#0)

But instead of spending on the typical things, such as expanding and hiring people, companies are mostly pocketing the money and stuffing it under their corporate mattresses.

Actually, a goodly amount of the money that was used for the "bailouts," was paid to the biggest debtors that owed major central banks around the Western World. The debtors got the money, paid off the bankers and then went belly up. This portion of the "bailouts," therefore, was a direct pay-off to the banks.

The money that was not used to pay bills, instead either went to mergers and acquisitions (M&A) actions, or... right back to the Fed, to be banked in their accounts as "excess cash."

Put in perspective:

The Fed "loans" Chase/Morgan, say... $15 billion, at zero-interest. Chase uses $5 billion to buy up a bunch of competitors.

The remaining cash, what can you do with it? I mean, nobody's asking for new debt, everyone's trying to pay their debt down... And besides, in this economy, any money you loan out, is a suckers'-bet. The market interest rates don't come close to matching inflation, much less the risk of lending...

So the bank takes that $10 billion, parks it back in Federal Reserve "excess cash" accounts, where they collect interest (the amount I've been told is 3%), with no risk.

Essentially, the Fed is allowing the major banks to borrow as much as they want (with no cost), park the money with the Fed, and then collect interest. On a $10B loan, that works out to $300 million of profit, with no risk whatsoever.

BTW, this is also the reason why we haven't seen an explosion in inflation. The monetary base has tripled in the last couple of years, yet the cash hasn't hit the streets, because it's all parked at the Fed...

You might think the original $787B "bailout" was for $787B, right...? Actually, that number only addresses how much money can be in transit at any one time. So, the banks max that number out, once the cash is sent back to the Fed reserves ("excess" cash, remember?), they come back for more... Over and over it goes...

The major banks are quite literally robbing the country this way. That's why they keep announcing record profits, while the man (or woman) on the street sees none of it, and can't finance a piece of bubble-gum...

We're in a period where the banks are acting like common thugs, stealing whatever they can, looting while there's still time...

Does that answer your questions?

Capitalist Eric  posted on  2010-07-28   12:04:28 ET  Reply   Untrace   Trace   Private Reply  


#17. To: Capitalist Eric (#15)

We're in a period where the banks are acting like common thugs, stealing whatever they can, looting while there's still time...

While claiming they're the unfortunates in need of a tax cut so they can drop a few crumbs from the table to the peeps they rob.

lucysmom  posted on  2010-07-28   13:16:24 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 17.

#18. To: lucysmom (#17)

While claiming they're the unfortunates in need of a tax cut so they can drop a few crumbs from the table to the peeps they rob.

Exactly.

If the general public understood how big of a scam is being played on them...?

Capitalist Eric  posted on  2010-07-28 13:28:55 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 17.

TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com