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As many households and small businesses are being turned away by bank loan officers, large corporations are borrowing vast sums of money for next to nothing — simply because they can, Graham Bowley writes in The New York Times.
Companies like Microsoft are raising billions of dollars by issuing bonds at ultra-low interest rates, but few of them are actually spending the money on new factories, equipment or jobs. Instead, they are stockpiling the cash until the economy improves.
via Cheap Debt for Corporations Fails to Spur Economy – NYTimes.com.
Filed under: activism, Corporations, economy, media, News, politics, reform, US Politics
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