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.
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:
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.