The Mudcat Café TM
Thread #112664 Message #2387443
Posted By: Q (Frank Staplin)
12-Jul-08 - 03:09 PM
Thread Name: BS: Nationalize Freddie&Fannie NOW
Subject: RE: BS: Nationalize Freddie&Fannie NOW
Financial service companies such as Citigroup are big players. Citigroup (2006 figures from Fortune 500) had revenues of over $131 billion, and a profit of $24.6 billion.
These companies make the oil majors look like pikers as far as profits are concerned.
Exxon Mobil- $340 billion. Profit- $36 billion, or 11 cents/dollar of revenue. Citicorp- $131 billion. Profit $24.6 billion, or 19 cents/dollar revenue. (2007 revenue $159 billion) Bank of America- $84 billion. Profit $16.6 billion, or c. 20 cents/dollar. ---------------------------------------------------- Microsoft- $40 billion. Profit $12.2 billion, or over 30 cents/dollar revenue. - Hey, not bad for a mess of software! Or at least there are some out there who consider it a mess.