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May 29, 2006
Corporate America has record cash stockpiles in bank
By Amanda Lang
Imagine the dilemma of having so much cash in your bank account that you didn't know what to do with it. This is of course a pipe dream for the average American, but is now reality for the country's biggest corporations. The industrial companies that make up the Standard & Poor's 500 index have a staggering $643 billion in cash and equivalents.
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Imagine the dilemma of having so much cash in your bank account that you didn't know what to do with it. This is of course a pipe dream for the average American, but is now reality for the country's biggest corporations. The industrial companies that make up the Standard & Poor's 500 index have a staggering $643 billion in cash and equivalents.OpedNews volunteer from 2005 to 2013.
Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.