*Caterpillar Inc: $50.9 billion in total liabilities
General Electric: $717 billion in total liabilities
Johnson and Johnson: $41 billion in total liabilities*
Do they’re stockholders know this?
We’ve got a mortgage (small), a truck payment (small), and small amounts on 2 credit cards. I don’t feel so bad.
CSPAN had a very interesting segment on with Thomas Friedman, Michelle Singletary (a female Dave Ramsey), and Barbara Ehrenreich (Nickle and Dimed) on last night. Ms. Singletary went own about how all debt is enslaving and evil. Mr. Friedman countered that business debt is a constructive thing when used wisely and is needed as lubricant (ie making payroll etc). Ms. Singletary shot back that any business which needs to borrow to meet payroll is a badly run business. I think Mr. Friedman viewed Ms. Singletary as naive, but I had to agree with her.