Thursday, April 1, 2010

Hoarding Not Hiring

"Cash is piling up faster than companies can figure out what to do with it," said David Bianco, head of U.S. equity strategy at Bank of America.

In the throes of a Great Recession with massive unemployment and people losing their homes and livelyhoods in record numbers, how are America's corporations faring? They have more cash than they know what to do with! What an amazing little system we have here.


Anonymous said...

What an anomoly?....perhaps capitalism is KING and its servants must gravel at its feet!

Ben There said...

A King indeed. Ruling with an iron fist.