While I don’t trust this administration in the slightest this isn’t unprecidented:
In 2009 he U.S. government took an initial 9.85% ownership stake in Chrysler as part of the company’s bankruptcy restructuring. The government later sold its stake to the Italian automaker Fiat in 2011, exiting its investment completely.
As part of the auto industry bailout in 2008 and 2009, the government received a 60.8% equity stake in GM. The government sold its final shares in 2013.
American International Group (AIG): In its bailout, the U.S. government provided roughly $182 billion in aid and at one point held an almost 80% stake in the insurer. The government sold its last shares in 2012, ultimately making a profit.
While I don’t trust this administration in the slightest this isn’t unprecidented:
In 2009 he U.S. government took an initial 9.85% ownership stake in Chrysler as part of the company’s bankruptcy restructuring. The government later sold its stake to the Italian automaker Fiat in 2011, exiting its investment completely.
As part of the auto industry bailout in 2008 and 2009, the government received a 60.8% equity stake in GM. The government sold its final shares in 2013.
American International Group (AIG): In its bailout, the U.S. government provided roughly $182 billion in aid and at one point held an almost 80% stake in the insurer. The government sold its last shares in 2012, ultimately making a profit.
Yeah, it’s one of the smarter things the US government has done, especially considering the impact a bankruptcy would have on the economy.
The loss of intel, its facilities and staff, would be a pretty hard blow.