this post was submitted on 05 Jan 2024
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That's actually what the US government did with at least one of our failed companies as well, General Motors.
Should've done it to all the banks and house loan companies too imo.
They also gave GM a 45 billion dollar stock swap and GM never paid it back. They paid back the loan but not the stock swap. Every time I hear people brag about how the government saved GM I wonder what amazing things any company could do with not only 45 billion to play with but the government ensuring that no one could take them down for a year.
Give me 45 billion and the full faith and credit of uncle sam, I will create so many jobs.