Commerce Secretary Howard Lutnick Discusses Parameters for U.S. Govt Stakes in Private Companies
Against the example of the U.S. Government taking a 10% stake in Intel, a private technology company who manufactures microchips, Commerce Secretary Howard Lutnick outlines the parameters where the Trump administration would consider taking a stake in private sector companies.
Secretary Lutnick notes that when a company comes to the U.S. government for assistance or benefit, the government -ultimately the taxpayer- should gain an equity stake in that company. WATCH:
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