How can I upvote multiple times?
Here you go:
US government just giving money to executives to burn.
Oligarchy laid bare for all to see. Emperor has no clothes…
Sounds like it’s a follow up to the CHIPS act which started under Biden. At least this is buying stock and not just handing them cash. The government is “buying the dip”.
So glad, we the public, bought all of those shares and really set them on a healthy course…/s
More proof that the Republican party’s claim of being fiscally responsible is utter bullshit.
So fuck the Republican Party in general. But what does this news item have to do with them?
The Trump admin purchased $8.9 billion dollars worth of intel stock. Pumped the shit out of the stock basically.
Ah, thanks, I were too lazy to read the article.
The article does still say:
While it’s still a profitable investment, the value of those holdings dropped by about $12 billion on Friday.
So while fuck Republicans in general, and the government taking such a stake is not very free market, it is not completely obvious that taking the stake was stupid. Losing $12 billion on a $9 billion investment is a clue :P.
Shares-shmares. More engineering, less shit-trading!
They “Peter Principled” themselves into some kind of “Dildo Principle”, still there but useless.
Oh no I’m only up 75% instead of 90% on Intel.
I clould sell my stock that I have, but i don’t know if its worth dealing with taxes as it is not that much
Ooooofff!
