Apple Owns $52.6 Billion In US Treasury Securities, More Than Mexico, Turkey or Norway (cnbc.com)

randomErr shares a report from CNBC: If Apple were a foreign country, CEO Tim Cook might have considerable political clout in the United States. That's because the tech giant 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 Wednesday. Apple's stake in U.S. government securities as of June, up from $41.7 billion as of last September, puts it ahead of Israel, Mexico and the Netherlands, according to Treasury data released last month, which tracks up to May of this year. With $20.1 billion in short-term Treasury securities and $31.35 billion in long-term marketable Treasury securities, Apple still falls far below countries like China and Japan, which hold over a trillion dollars in U.S. government debt each -- which has caused considerable hand-wringing in Washington. Still, Apple is way above other big companies like Amazon, which owns less than $5 billion in U.S. government or agency securities combined, according to regulatory filings.

Comments

Re:Why is this a problem?

[PolygamousRanchKid]

Treasury bonds are an investment instrument.

Yeah, but an important part of an investment . . . is the liquidity. I own some US Treasury E-Series bonds, and cannot find a bank in Germany that is willing to cash them.

If I listen to the bank, they claim is the problem is with the US government, who want to place more spyware in their systems than EU privacy laws allow. A court order in Germany will give the authorities full access to any private medical or financial data about you. The US government spooks want to access data with no court order or judge involved.

If I listen to the US government . . . the evil EU governments are shielding terrorists with their evil privacy laws.

It's like listening to a couple that is involved in a nasty divorce . . . the actual truth lies somewhere between the claims . . .

At any rate, I'm planning a trip to Switzerland to cash the bonds . . . in Texas mileage units, Switzerland is "Just Down The Road . . . A Ways" . . .