Apple to Solve All the World’s Financial Problems


Well, not really, but going by recent reports, Apple is richer than the U.S. government, managed to briefly top Exxon Mobil as the world’s most valuable company (even if only for a few hours), and is now said to be worth more than all the major Euro-zone banks put together. While unlikely that Treasury Secretary Timothy Geithner or European Commission President José Manuel Barroso will show up in Cupertino asking for a handout, perhaps it is time to flip the tables and for corporations to come to the rescue of bankrupt governments. After all, corporate America is still sitting on several trillion in cash reserves. That’s right, just sitting there all happy and smug in their fat-cat suits, sipping their Montrachet. Just spend it already!