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0 pointsrighthand10mo ago0 comments

> So I think the US government should take equity interests in companies they bail out rather than just giving them gifts or even loans.

The US government never gave bailout and gifts to Intel. The original agreement was profit-sharing with Intel through the CHIPS act is standard with any business wanting the funds. All Trump did specifically for Intel was alter the deal to be an equity stake instead, which will still only be beneficial is Intel is profitable.

Your entire comment is faulting on this premise. Please stop spreading this lie.

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jmyeet10mo ago

This is a bailout to Intel. It's essentially the US government pfoviding guarantees to Intel and its customers. How would you describe that as anything but a bailout?

But really I was talking generally, such as the bank bailouts in 2008. When a bank normally fails the FDIC comes in and takes control of it including ownership. The shareholders are SOL. In my mind, this is exactly what should've happened to all the banks that were essentially insolvent.

As another example, the US government bailed out LTCM in the 1990s when there was a willing buyer (Warren Buffett).

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