CNBC:
If Apple were a foreign country, CEO Tim Cook might have considerable political clout in the United States.
That’s because Apple owns $52.6 billion in U.S. Treasury securities, which would rank it among the top 25 major foreign holders, according to estimates from the Treasury Department and Apple’s SEC filings released on Wednesday.
Apple would be 23rd in all countries. That’s just one measure of a company’s financial heft, but amazing nonetheless.
I like how it presumes that an enormous company would have to be a foreign country to have political clout in the Gilded Age 2.0 US.
Apple just needs to create a banking arm and be done with it.
Yes, $56B out of $14T outstanding surely warrants considerable political clout. [eyeroll] How much clout does the owner of 0.5% of your debt have over you?
Depends on how many lobbyists they can afford.