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A comment on xAI has acquired X, xAI now valued at $80B. Parent comment

Re:xAI has acquired X, xAI now valued at $80B by telotortium on Friday March 28, 2025 @08:24PM (#43511473)
According to existing Supreme Court precedent[1], nationalization of companies requires approval by Congress, not just the President, so that would make it more difficult.

[1] https://en.wikipedia.org/wiki/Youngstown_Sheet_%26_Tube_Co._...

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Re:xAI has acquired X, xAI now valued at $80B by solid_fuel on Friday March 28, 2025 @09:04PM (#43511754)
According to existing Supreme Court precedent, the president isn't able to impound funds which had been allotted by Congress (line item veto) [1], or fire the head of an independent agency for reasons other than allowed by Congress [2], it doesn't really seem like precedent has much weight amongst those in power today.

[1] https://supreme.justia.com/cases/federal/us/524/417/

[2] https://en.wikipedia.org/wiki/Humphrey%27s_Executor_v._Unite...

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Re:xAI has acquired X, xAI now valued at $80B by D-Coder on Friday March 28, 2025 @08:47PM (#43511654)
Precedent, with this Supreme Court, is meaningless.
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