- 3 of the top 4 companies are oil companies. Seriously?? You tell me you have to charge me $4.00+ for a gallon of gas because of what you have to pay. How about a little reality check. Exxon profits jumped by 35% last year. Chevron's went up 41%. Sadly the article didn't list Philips 66's (#3 on the list) profit change.
- If you pay taxes, this one should make you see red. Fannie Mae made the list at #8, posting $137,451 million in revenue last year. Yes, this is the same Fannie Mae that we tax payers loaned $116 BILLION to...what was that...3 years ago? Now here's the real kicker...they're still losing money and have asked for another $4 billion in loans. Oh yeah, now that sounds like a sound use of my taxes.
- Bank of America is #13 on the list....and yet another company we bailed out. Seems to me it's time to start paying some of that money back to us. And if you'd like a little salt in the wound....they announced in March they're going to start charging monthly fees on their basic checking account customers. Guess they feel they need to earn a buck any way they can. Have I mentioned how happy I am to have pulled my accounts from BoA several years ago?
The ramblings and thoughts about life, politics, religion and the universe from an everyday geeky chick.
Monday, May 7, 2012
The definition of insanity
Fortune 500 has published their Top 20 companies for earnings in 2011. Normally pretty dry reading but I have to say this list just pisses me off given the current economy.
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