|
One constantly hears that corporations are sitting on 'trillions of dollars in cash' as the result of record productivity and the reluctance to hire more workers. That I can understand, sort of. But in the next moment one hears that many, if not all, US banks are under-capitalized. Now, my question is, and I'm sure it sounds naive: where are corporations storing all this money? Are they not putting it into banks? Some must be, because I recall reading that Bank of America is now charging some big depositors to leave there money. So where are these mountains of corporate cash? Is there some giant warehouse filled with corporate mattresses under which lies all these greenbacks?
|