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Here Are The 29 Public Companies With More Cash Than The US Treasury

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Fri, 07/15/2011 - 11:56 | 1459723 swissinv
swissinv's picture

treasury bitchez

Fri, 07/15/2011 - 12:16 | 1459826 max2205
max2205's picture

Freddie Mac????!!!.... I'd have to see it to beleive it!

Fri, 07/15/2011 - 12:43 | 1459961 LawsofPhysics
LawsofPhysics's picture

Mark to unicorn accounting.

Fri, 07/15/2011 - 13:05 | 1460036 janus
janus's picture


Fri, 07/15/2011 - 13:15 | 1460076 eureka
eureka's picture

Maybe ALL IS WELL in the USA?

The blowhorn today sayz: Meredith Whitney is losing credibility on Muni-defaults.

BAC full of cash, C beats earnings expectation.

I say we raise the debt ceiling and attack Iran and buy stocks and .... USA USA USA

Fri, 07/15/2011 - 13:33 | 1460152 janus
janus's picture

ALL is always perfectly WELL; till suddenly it ain't...what you've said is witty, and mainly because it's terribly prophetic.  If this Machine is not suddenly halted (and it's got at least a year...year and a half -- maybe two at the outside), we'll be pouring into persia and pakistan before you can say falafal (sp?)...and then the real fun starts.  Cue the Cossaks and Send In The Clowns.

Fri, 07/15/2011 - 21:40 | 1461438 plata pura
plata pura's picture

that would be empire running by the common and middling; however, the gentry be reading rhubarbs in poland; as germany starts to bump uglies with russia for their cheap labor and natural resources; these states united must wedge with poland........

Fri, 07/15/2011 - 21:53 | 1461458 janus
janus's picture

it seems we're looking at the world through the same lens...i agree with everything you said, and a lot more besides.  I will tell you this much, if GDR/RUS and (really anybody) China form a coalition with a common currency, you can bet janus will load up early -- despite my insistence on PMs.

These Germans give me nights sweats and the russians give me palpatations; and then i think, why even pretend it's not all going down that way? that's the inevitable conclusion if there's going to be a polar power shift in the traditional iterations of geopolitical evolution (and the shift is already shifting) -- my hopes are for a semi-stateless society...but just look at what happens with 'hope'. 

Fri, 07/15/2011 - 11:58 | 1459736 Xibalba
Xibalba's picture

moving 'wealth' around, bitches. 

Fri, 07/15/2011 - 12:23 | 1459865 Divided States ...
Divided States of America's picture

Exactly, its just a legal way for these crooks to funnel cash from the taxpayer to these filthy rich bastards. Look at all these financial institutions...Yeah, looks like the tables have turned...Freddie can bailout the treasury now.

Fri, 07/15/2011 - 12:24 | 1459868 Divided States ...
Divided States of America's picture

Exactly, its just a legal way for these crooks to funnel cash from the taxpayer to these filthy rich bastards. Look at all these financial institutions...Yeah, looks like the tables have turned...Freddie can bailout the treasury now.

Fri, 07/15/2011 - 12:25 | 1459878 Divided States ...
Divided States of America's picture

Exactly, its just a legal way for these crooks to funnel cash from the taxpayer to these filthy rich bastards. Look at all these financial institutions...Yeah, looks like the tables have turned...Freddie can bailout the treasury now.

Fri, 07/15/2011 - 11:58 | 1459737 trav7777
trav7777's picture

so yeah, um BAC is up there too and do you trust THEIR balance sheet?  I wouldn't trust a chinese one further than I could throw the BAC HQ

Fri, 07/15/2011 - 13:32 | 1460143 Rick64
Rick64's picture

Rampant accounting gimmicks and fraud. Business as usual.

Fri, 07/15/2011 - 11:58 | 1459738 Shineola
Shineola's picture

Holders of all this fiat will be unloading it soon.   Default or Hyper-inflation are the only two possible outcomes.

Let that sink in and shop accordingly.


Fri, 07/15/2011 - 13:44 | 1460182 espirit
espirit's picture

Shared Sacrifice. That term will be the pre-emptive strike.

Fri, 07/15/2011 - 11:58 | 1459739 Seasmoke
Seasmoke's picture

Beavis Geithner is going to need more than Turbo Tax to help him now

Fri, 07/15/2011 - 11:59 | 1459744 SilverDoctors
SilverDoctors's picture

more cash than the treasury, yes.  the ability to print and have the federal reserve buy their bonds, no.

Fri, 07/15/2011 - 12:59 | 1460023 whaletail
whaletail's picture

Doesn't matter if they're the same thing. Maiden Lane, anyone? 

Fri, 07/15/2011 - 12:00 | 1459747 mfoste1
mfoste1's picture


Fri, 07/15/2011 - 12:00 | 1459752 janus
janus's picture

that second list looks like a copy of almost every single old-money portfolio I've had the pleasure to scan...and, yes, BOA is eerie.

Fri, 07/15/2011 - 12:10 | 1459783 hedgeless_horseman
hedgeless_horseman's picture

THB or a former minion? 816XX?

Fri, 07/15/2011 - 13:43 | 1460179 janus
janus's picture

Mr. Horseman,

I'm flummoxed.  Now, don't get me wrong, i'm a regular wiz with the ciphers, and I've even had a bit of training in the crypto field, but i cannot make hide nor hair of this enigma, "THB or a former minion? 816XX?"  Some of the words look familiar, but the bookends -- THB and 816XX -- are the tar-babies.

Fri, 07/15/2011 - 14:34 | 1460361 hedgeless_horseman
hedgeless_horseman's picture

You answered the question.

Fri, 07/15/2011 - 17:15 | 1460963 janus
janus's picture

i kind of knew what you were driving at...no, never had an official residence in colorado -- love vail and snow mass though, and I have passed through co springs a few times.  Just couldn't put together who THB may be.

Fri, 07/15/2011 - 12:01 | 1459753 SWCroaker
SWCroaker's picture

The US Treasury is over 14T in debt.  I'm pretty sure I have more cash than them, if you do running totals...

Fri, 07/15/2011 - 12:10 | 1459814 SumDumGuy
SumDumGuy's picture


Fri, 07/15/2011 - 12:26 | 1459884 Agent P
Agent P's picture

Well, if you want to talk net cash, I'm pretty sure all the banks would fall away in a hurry.  Hell, BofA has about $500B in debt (not to mention over $1T in deposits). 

Fri, 07/15/2011 - 12:03 | 1459755 carbonmutant
carbonmutant's picture

AAPL didn't make the list?

and Sun was bought by Oracle...

how old is this thing?

Fri, 07/15/2011 - 12:33 | 1459916 Tyler Durden
Tyler Durden's picture

You do know that CDS tracks original obligors yes? There is still Merrill vs Bank of America CDS, a decent arb in fact.

Fri, 07/15/2011 - 13:34 | 1460148 carbonmutant
carbonmutant's picture

See that's why I hang around here, for the little known facts... thanks.

Fri, 07/15/2011 - 12:02 | 1459757 Dr. Engali
Dr. Engali's picture

If you don't have PMs you better have them soon.

Fri, 07/15/2011 - 12:04 | 1459770 The Axe
The Axe's picture

Love that Portugal banks all passsed the stress test.....fucking riot

Fri, 07/15/2011 - 12:04 | 1459772 The Axe
The Axe's picture

Love that Portugal banks all passsed the stress test.....fucking riot

Fri, 07/15/2011 - 12:07 | 1459792 RagnarDanneskjold
RagnarDanneskjold's picture

Most of those banks are insolvent, except for the Japanese ones that have stacks and stacks of depositers' yen in the vault. The Indian company is probably the only one that could actually aid the Treasury.

Fri, 07/15/2011 - 12:12 | 1459804 carbonmutant
carbonmutant's picture

Banco Pastor is Passe..

317M euro shortfall...

Fri, 07/15/2011 - 12:15 | 1459824 Hook Line and S...
Hook Line and Sphincter's picture

Nationalize these companies!

Tasty balance sheets ripe for .gov raping, Chavez style.

We can perpetuate the ponzi longer and give all of us additional ample time to buy PM's.

Does anyone here really want the system to crash just yet?   ; )

/sarc off

(yeah, I know, the trick would be on the government when they find that the off balance sheet liabilities came to light.)

Fri, 07/15/2011 - 12:14 | 1459829 mark mchugh
mark mchugh's picture

Can anyone explain to me how GE reduced its debt by $83B AND raised $66B in additional cash in less than three years?



Bueller?.....Bueller?.....Repo 105?....



Fri, 07/15/2011 - 12:26 | 1459873 LawsofPhysics
LawsofPhysics's picture

You are kidding right?  GE was one of the first to see 2008 coming and use it's lobbying influence and political clout to score war contract (from all side) and receive a bailout (via tax loopholes and numerous other mechanisms).  Being first ahead of the herd is always a good thing after all.

Fri, 07/15/2011 - 12:34 | 1459918 mark mchugh
mark mchugh's picture

I am aware of all those things, but it still doesn't explain a $149B shift in the basic condition of the company.

I'll buy that everything you mention could have improved it by $17B, the rest is crooked accounting.

Fri, 07/15/2011 - 12:41 | 1459953 LawsofPhysics
LawsofPhysics's picture

See the comments below.  Basically GE simply needed to restructure.  Something they thought was too painful and so they took the immoral route hoping the victim forgets the first rapist.  Pretty good plan, no one mentions their "the sky is falling and you must save us" claim, which was bullshit.  As an engineer and scientist I see things a bit differently,  the bottom line remains.  People who create REAL value, should be compensated appropriately.  The financial fucknuts the world over have forgotten their place in a sound economy and they have certainly forgotten the cost of creating capital in a finite universe.  Even if they collect more gold than me, they will still need to eat, and I am in agriculture in a strong like-minded community.  Default is fine with me, bring it.

Fri, 07/15/2011 - 12:49 | 1459987 mark mchugh
mark mchugh's picture

I remember now....you're crazy.


(my bad)

Fri, 07/15/2011 - 13:14 | 1460069 LawsofPhysics
LawsofPhysics's picture

Not crazy, just pissed.  We deal with many Pharmacia products (now GE Healthcare).  Their customer service and product line was 100x better before GE took them over (a hostile takeover with taxpayer monies by the way).  Government and financial kleptocracy are now one in the same.  The financial sector owns the government, period.  Again, default, bring it.

Fri, 07/15/2011 - 13:32 | 1460142 ebworthen
ebworthen's picture


Fri, 07/15/2011 - 15:30 | 1460553 eureka
eureka's picture

Fuck GE, tax-evading scum. Owes IRS/US $100s BILLIONS.

Fri, 07/15/2011 - 15:59 | 1460683 Bananamerican
Bananamerican's picture

"I am in agriculture in a strong like-minded community"


Fri, 07/15/2011 - 12:31 | 1459905 Hook Line and S...
Hook Line and Sphincter's picture

Mark, I can explain this in a way that will clear it up for you.

  • Trans-extinct currency exemptions for national security purposes allow for select companies like GE to mark their assets to any historical market value by choosing any value from a very strict historical boundary between 1811-2210 AD.
  • Future projections for asset values can be considered accurate as long as they are verified by accredited soothsayers.
  • Liabilities denominated in FRN's when converted according to GAFAP (generally accepted fiat accounting principles) have a 30 year future heuristic modification that allows them to be considered an asset, as one day, in the future, will be responsible for growth of said company.
  • GAFAP Cash flow is has a exponential component that allows for proper translation. Potential cash raised, as long as it is to be invested in PM's (see form G.878.3a) is considered at realistic post fiat collapse values and denominated in either Ameros, Blue Dollars, or Alien Dinars.

Fri, 07/15/2011 - 12:36 | 1459932 mark mchugh
mark mchugh's picture


I'll buy that, Hook line and sinker!

Fri, 07/15/2011 - 12:50 | 1459988 Hook Line and S...
Hook Line and Sphincter's picture

That would be Hook, Line, and Sphincter... my family surname never 'rectifies' on the thread properly.

Fri, 07/15/2011 - 13:00 | 1460028 mark mchugh
mark mchugh's picture

Once again, I stand corrected.

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