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U.S. government takes 10% stake in Intel

(www.cnbc.com)
607 points givemeethekeys | 2 comments | 22 Aug 25 21:01 UTC | HN request time: 0.001s | source
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jjcm ◴[22 Aug 25 22:36 UTC] No.44990743[source]▶
In general I would rather the government take a stake in corporations they're bailing out. I think the "too big to fail" bailouts in the past should have come with more of a cost for the business, so on one hand I'm glad this is finally happening.

On the other hand, I wish it were a more formalized process rather than this politicized "our president made a deal to save america!" / "Intel is back and the government is investing BUY INTEL SHARES" media event. These things should follow a strict set of rules and processes so investors and companies know what to expect. These kind of deals should be boring, not a media event.

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vlovich123 ◴[23 Aug 25 02:36 UTC] No.44992551[source]▶
The heavily criticized auto bailout was precisely this way and actually turned a profit once the government sold its stake. This is different and I can’t imagine the government will ever sell its stake.
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1. pfannkuchen ◴[23 Aug 25 02:38 UTC] No.44992570[source]▶
Did it turn a real profit or a nominal profit, I wonder? I remember hearing a brrrr sound around that time.
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2. vlovich123 ◴[23 Aug 25 04:29 UTC] No.44993166[source]▶
I was wrong. The $80B TARP program lost quite a bit of money on GM. The program overall lost $9B while saving millions of jobs and stabilizing the economy.

But it still took a share in companies that participated in TARP which is why some payed back the loan instead of letting it convert into ownership shares if I recall correctly.