Right? I don’t understand enough it to know how it’s limited by current law, so I’m just thinking out loud here. But since it’s created by executive order, it can be altered by EO in a future admin. How much equity can the government have in any particular business?

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Zero. Congress isn't going to allocate a hundred billion dollars to buy a private company. MAGA folks cheering this blatantly unconstitutional act and communist approach. Disgusting. Franklin Roosevelt tried this on a similar way to shut down companies and reopen them in labor friendly ways. Hence his court packing attempt. The he backed down.