[Cabrone]

US corporations took in $1.659 trillion in the third quarter, breaking records going back 60 years, according to a Commerce Department report released Tuesday. It was the seventh consecutive quarter of profit growth at “some of the fastest rates in history” according to the New York Times.

Link

What with their bumper profits and their tax dodging (Tax Dodgers) looks like the US corporations are doing very well in this credit crunch.

No cold turkey for the captains of industry this year.

[Blacksmith]

Gee you won't think so looking at the market. Guess it's all going to perks and executive salaries, but wait those are writeoffs.

[ColossalContrarian]

Firing people is good for profits. It's a lot like people going through forclosure. They stop paying their mortgage and with all that extra money they can now sped more than they ever have before.