Apple's Market Cap now bigger than Citicorp's

[raganwald]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aYDmSu.TmOrU&refer=home

[raganwald]

As FSJ put it, "Which would you rather own: a portfolio of sub-prime mortgages or a portfolio of iPhone patents?"

[michaelneale → raganwald]

I love the term "sub prime" - its such a humorous form of NewSpeak to mean lending money to greedy people who can't afford to pay it back (done by greedy people who can't ...)

[Raphael]

I am happy that a company that makes something real is worth more than a company that just moves money around.

[Raphael]

Citigroup