Leverage Ratio Eye-openers, updated
I updated this post, as discussion on the leverage ratio still suffer from poor understanding of this solvency measure.
I am loudly guffawing here in DC newsroom about the reporting that presents Apple's $38 tax payment as if it is voluntary and patriotic and somehow laudable. It's the law. They have to pay. And there is no guarantee that the funds they are paying tax on will be used in US.