this post was submitted on 02 Dec 2024
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I am not aware of any law on the books that prevents US government from taking equity stake in a corporation. German states take equity in companies. China and Russia have straight majority owned mega corps.
US took equity stake in GM when it bailed them out.
I know there was a huge bruhaha about it but it was just that owner class refusing to face the music for their fucks up.
Nothing is stopping treasury from making tidy profit from their investment like they did with GM.
Current system enables parasitic behavior from owners and executive teams while life for for bottom 80% of taxpayers has been shite... yet every time owner class needs bail out, these people have to pay for it.