Comment by apical_dendrite
Comment by apical_dendrite 20 hours ago
What Trump is doing is pure extortion. Intel gives up equity, and in exchange, Trump maybe doesn't use the massive power of the state to claw back billions of dollars that were legally awarded to Intel, and Trump stops pressuring Intel to fire their CEO (note how he now calls the CEO "highly respected").
The comparison to the GM bailout makes no sense. GM got something that it needed from the bailout. Here, all Intel is getting is the withdrawal of threats that Trump himself made. It's mob boss style government, and it's happening to many institutions in this country (law firms, universities, corporations, etc). Why you would want to try to normalize it is utterly beyond me. Maybe you just like being the "well actually" guy because you think it makes you sound smarter than everyone else.
>Maybe you just like being the "well actually" guy because you think it makes you sound smarter than everyone else.
He's a lawyer at the Federal bar, so on the subject under discussion he is more knowledgeable than most of us.