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Yeah, this so weird coming from the US. The US government has a history of writing no-strings-attached blank cheques to people/companies just so avoid the stigm
by torginus 1y ago
Yeah, this so weird coming from the US. The US government has a history of writing no-strings-attached blank cheques to people/companies just so avoid the stigma of government control in public companies.
I wonder how the markets will react, will stocks go up because people will assume Intel's going to be a government mandated champion or will they go down because of the negative connotations government control brings?
- JackYoustra 1y agoName one literal no-strings-attached blank cheque to a large company in the last 20 years
- deleted 1y ago[deleted]
- spacebanana7 1y agoPerhaps not strictly “no-strings-attached” but many of the 2008 bailouts were functionally mechanisms to avoid nationalisation.
- meetingthrower 1y agoLol the jail free bailouts of the banks in 2008? Goldman got billions from the bailout of AIG, management got millions and millions in bonuses....
- ChadNauseam 1y agoThose bailouts were generally loans that were paid back. Pretty far from a "no strings attached blank cheque".
- WalterBright 1y agohttps://en.wikipedia.org/wiki/Solyndra https://en.wikipedia.org/wiki/Solyndra https://en.wikipedia.org/wiki/CHIPS_and_Science_Act https://en.wikipedia.org/wiki/CHIPS_and_Science_Act
- notherhack 1y agoAny cost-plus defense or aerospace contract.
- sigwinch 1y agoAny Federal corporate tax relief at all. They put the pedal down on accelerated depreciation after 2008, though it existed over 20 years ago. Any swapping of Federal Reserve bonds for corporate bonds, say during the pandemic.