The Trouble With Uncle Sam's Ownership Stake In Intel

The U.S. government lost about $12 billion on Friday as Intel’s stock fell 29 percent, its worst day since 1974. Last year, the Trump administration took a 10 percent stake in the chipmaker. Even after the sell-off, the trade remains profitable for taxpayers. But the volatility highlights how much it warps the free market when the Commerce Department takes equity positions in dozens of American companies. Read Full Article »