The Obama administration bailed out car companies for no equity. You can read Jay Alix's article in Forbes on how GM was restructured and his delight in the US Government wanting no say in 'NewCo', the unencumbered assets.
Part of the Maga movement is protest against these insider deals, where the taxes of workers pay for the companies of the already wealthy.
So of course the Trump administration was going to ask for equity in an airline coming to the government for a bailout. That's just prudent use of government funds. Businesses better get used to that because they are never again getting the free ride of the Obama and Biden years.
Trump is also lining his and his friends pockets in his second presidency. But why use a failing company to do that? Trump is levying successful companies which need to jump a regulatory hurdle.
These two activities look very similar, but one is wise, the other corruption.
Glen T
npub1zp…dw5x6
2026-05-08 05:17:02 UTC
in reply to nevent1q…usqq
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npub1zp0kvyfn084txms9ahckgd8ya78fvnkukh035gu0jwzq2zcchcvqxdw5x6Seen on
wss://relay.momostr.pinkPublished at
2026-05-08 05:17:02 UTCEvent JSON
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