2 ms·
Yes, the US can nationalize a company. And it's happened before [1]. The current political climate means there's no appetite for any party to alienate actual or
by jmyeet 3y ago
Yes, the US can nationalize a company. And it's happened before [1]. The current political climate means there's no appetite for any party to alienate actual or potential donors by doing something like this however. The one exception is banks where the FDIC can (and does) take over nonperforming banks all the time [2].
Think of it as eminent domain but for companies.
[1]: https://thenextsystem.org/history-of-nationalization-in-the-us https://thenextsystem.org/history-of-nationalization-in-the-...
[2]: https://www.fdic.gov/resources/resolutions/bank-failures/in-brief/index.html https://www.fdic.gov/resources/resolutions/bank-failures/in-...