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Extraordinary times call for extraordinary measures. It’s time for the brightest in business to use the bulging billions on their balance sheets to help save the US economy. A consortium of Apple, Warren Buffett and JPMorgan need to lead us out of this mess by pooling $200 billion and leveraging resources for the good of …
Extraordinary times call for extraordinary measures.
It’s time for the brightest in business to use the bulging billions on their balance sheets to help save the US economy.
A consortium of Apple, Warren Buffett and JPMorgan need to lead us out of this mess by pooling $200 billion and leveraging resources for the good of the country — plus end up with a profit.
If they do, they will go down in history as the rare geniuses who acted in a time of need, actually doing “God’s work” and Making America Work Again (MAWA).
Apple, which has $207 billion in cash on hand, should suspend its stock buyback and put its cash toward more productive uses. Apple could contribute $125 billion and still have $82 billion on hand.
Buffett’s Berkshire Hathaway has $128 billion at the ready, and can easily contribute $75 billion, leaving it with $53 billion in cash.
JPMorgan, being a bank, has unique regulatory capital restrictions. Perhaps the Fed will let it throw in some cash, but its main contribution would be as a leveraging vehicle for the capital — not to mention back-at-work Jamie Dimon’s significant brain trust.
Three unique skill sets, three ultra-large balance sheets, one mission: to save the economy.
The $200 billion can be leveraged 10 times in a separate vehicle, creating a $2 trillion economic resuscitation fund (MAWA).
That money will let them do what each does best. Buffett, who has made tens of billions taking stakes in floundering companies in need of capital, can bail out his beloved airlines and some other industrial types.
Tim Cook’s Apple can aid in the deployment of strategic capital in growth technology companies. And Dimon’s expertise will be in stock market index purchases and fund and deal structure.
This team can move much faster than DC — and write their own legacies at the same time.
