this post was submitted on 22 Aug 2025
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[โ€“] shalafi@lemmy.world 12 points 13 hours ago (6 children)

Didn't the US do a similar thing to save our auto industry? Buying in? I'm hazy on the details, been a minute, but didn't we cash out and profit?

Not saying this is the end game here, but still?

[โ€“] witten@lemmy.world 7 points 12 hours ago

Not exactly:

According to a May 2011 report by the White House National Economic Council, however, the US government may have to write off about $14 billion of its $80 billion loan.

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