Taxpayer Bailout Made $35 Billion (CNBC via AP) "The government's heavily criticized $700 billion financial rescue program has earned nearly $35 billion in income over the past two years, according to data obtained by The Associated Press. The data showed that income from the Troubled Asset Relief Program rose nearly 17 percent through November, compared to where it stood in October. The income was boosted by the government's ongoing sales of Citigroup."
Companies Staying in Cash (Wall Street Journal) Most cash since Eisenhower: "Corporate America's cash pile has hit its highest level in half a century. Rather than pouring their money into building plants or hiring workers, nonfinancial companies in the U.S.
were sitting on $1.93 trillion in cash and other liquid assets at the end of September, up from $1.8 trillion at the end of June, the Federal Reserve said Thursday. Cash accounted for 7.4% of the companies' total assets—the largest share since 1959.The cash buildup shows the deep caution many companies feel about investing in expansion while the economic recovery remains painfully slow and high unemployment and battered household finances continue to limit consumers' ability to spend."