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607 points givemeethekeys | 1 comments | | HN request time: 0s | source
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MyOutfitIsVague ◴[] No.44990202[source]
> the government made an $8.9 billion investment in Intel common stock, purchasing 433.3 million shares at a price of $20.47 per share, giving it a 10% stake in the company

> The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars

I don't understand. Can somebody explain to me how the government made an investement, bought shares, but paid nothing?

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tobias3 ◴[] No.44990325[source]
If someone from the Mafia comes to you and asks for a 10% share of your restaurant you better say yes.
replies(3): >>44990424 #>>44990432 #>>44990573 #
CoastalCoder ◴[] No.44990432[source]
Yes, but in this case the restaurant was already empty of customers on most evenings.
replies(3): >>44990477 #>>44990512 #>>44990648 #
1. miltonlost ◴[] No.44990648[source]
Breaking into an empty locked building is still breaking and entering.