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by refurb
5093 days ago
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Take a look at any large corporation's balance sheet. They usually have short-term cash (basically bank accounts) and short-term cash equivalents (very liquid assets like gov't bonds). So basically you are correct. The CFO devises a plan to pay that fine by pulling cash from a number of different sources. I also assume that the gov't is paid with either a single payment or a couple payments. I can't remember the context in which I saw it, but there was a copy of a check posted on a website for several billion dollars. Looked like any other corporate check (with a few more signatures on it). |
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http://www.gizmodo.com.au/2011/06/12-money-shots/
Since this kind of money can disturb a bank (a bank lends a multiple of what it has floating) wouldn't it be "cleaner" if the government just opened an account at the same bank and had the money transferred there?