News for hackers. Stuff that matters.

A comment on U.S. government takes 10% stake in Intel. Parent comment

Re:U.S. government takes 10% stake in Intel by vlovich123 on Friday August 22, 2025 @10:36PM (#44992551)
The heavily criticized auto bailout was precisely this way and actually turned a profit once the government sold its stake. This is different and I can’t imagine the government will ever sell its stake.
[ Parent | on HN ]
Re:U.S. government takes 10% stake in Intel by pfannkuchen on Friday August 22, 2025 @10:38PM (#44992570)
Did it turn a real profit or a nominal profit, I wonder? I remember hearing a brrrr sound around that time.
[ Parent | on HN ]
Re:U.S. government takes 10% stake in Intel by vlovich123 on Saturday August 23, 2025 @12:29AM (#44993166)
I was wrong. The $80B TARP program lost quite a bit of money on GM. The program overall lost $9B while saving millions of jobs and stabilizing the economy.

But it still took a share in companies that participated in TARP which is why some payed back the loan instead of letting it convert into ownership shares if I recall correctly.

[ Parent | on HN ]