the value of the government’s 9.9 percent equity stake crashed from almost $40 billion to well under $30 billion
, still an unrealized 200%+ gain, so I guess the government “bought the dip” in a way. Though why Republicans back their favourite President engaging in casual nationalization still baffles me. Maybe any Democratic president should employ a similar path to nationalization disguised as a bailout: to legislatively constrict the business model of any company they want to acquire at discount “market rates”, then restore something along previous regulatory conditions.
What was
Is now
, still an unrealized 200%+ gain, so I guess the government “bought the dip” in a way. Though why Republicans back their favourite President engaging in casual nationalization still baffles me. Maybe any Democratic president should employ a similar path to nationalization disguised as a bailout: to legislatively constrict the business model of any company they want to acquire at discount “market rates”, then restore something along previous regulatory conditions.
It’s to get chip fab in the US. Taiwan is not a stable place for the advanced chips the US and rest of the world rely on.