bailouts ought to come with leverage either as a loan/bond (at fed rates) or a capital investment. I agree! and then the company can either buy the government out or repay the loan. it strikes me as fair.
now hear me out: that fund that the government owns? all those stocks and bonds?
if you are an elected official, you gotta sell your stocks, your bonds, your etfs, everything. then you invest in the government fund. they’re gonna fuck around to boost those stocks anyways, so let’s have a set that we know.
then make an ETF for us plebes that follows it that we can invest in if we want to follow their inside trading.
Hot take: if your company needs a bailout it’s no longer a private company and belongs to people as a public service and is regulated as such.
I mean… personally? I don’t feel like this is actually that much of a hot take. More of a verifiably good idea.
That sounds a lot like socialism and we don’t do that in this here land of the free 🦅
And yet the “free” market can’t be trusted to correct itself and fill the gaps if we allow a giant megacorp to fall.
“Pay no attention to the [US government buying 10% of Intel] behind the curtain.”
The bailout is the government purchasing shares at about to go bankrupt prices. It’s a reasonable take that isn’t even really a change in the system.
See…that’s the kind of logic that gets people places!
… unfortunately in the US the place it might get you is the gulag…
bailouts ought to come with leverage either as a loan/bond (at fed rates) or a capital investment. I agree! and then the company can either buy the government out or repay the loan. it strikes me as fair.
now hear me out: that fund that the government owns? all those stocks and bonds?
if you are an elected official, you gotta sell your stocks, your bonds, your etfs, everything. then you invest in the government fund. they’re gonna fuck around to boost those stocks anyways, so let’s have a set that we know.
then make an ETF for us plebes that follows it that we can invest in if we want to follow their inside trading.
hmm… never thought about it like this but I agree 👍