This is very bad. Once government starts owning significant percentages of our companies, the US experiment is over.
No question about that. YRC now backed by the full faith and credit of the U.S. Government. Good luck with that.
This is similar to what Japan did in the 80s (?). Banks investing in corporations.
This is a really bad idea. This is like the gov’t deciding “you live”, but “you don’t”.
Very bad idea. And the GM bailout and others were all bad ideas as well.
It’s better for the Treasury to hold it in a blind trust as they will, then for the Fed to own it and be out of sight of the public view.