Comment by torginus
18 hours 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?
Name one literal no-strings-attached blank cheque to a large company in the last 20 years
Perhaps not strictly “no-strings-attached” but many of the 2008 bailouts were functionally mechanisms to avoid nationalisation.
Lol the jail free bailouts of the banks in 2008? Goldman got billions from the bailout of AIG, management got millions and millions in bonuses....
Those bailouts were generally loans that were paid back. Pretty far from a "no strings attached blank cheque".
https://en.wikipedia.org/wiki/Solyndra
https://en.wikipedia.org/wiki/CHIPS_and_Science_Act
Any 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.
Any cost-plus defense or aerospace contract.