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(Image from article: "Apple has more cash than U.S. Treasury")

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Apple has more cash than U.S. Treasury

Apple has more cash than U.S. Treasury

Maybe the cash-strapped U.S. government should start selling iPads. According to the latest statement from the U.S. Treasury, the government had an operating cash balance Wednesday of $73.8 billion. That's still a lot of money, but it's less than what Steve Jobs has lying around.

 

GMAC to get up to $5.6bn capital injection

GMAC, the car financing company, is set to receive up to $5.6bn in a new capital injection from the Treasury, filling a hole identified in the “stress tests” earlier this year and paving the way for the government to become the majority shareholder

 

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