[spacephysics]

I mean both sides are guilty. ‘08 saw us bail out banks and now the likes of Fannie Mae and Freddie Mac are GSE’s.

The difference with Intel vs the banks, is Intel has assets that take decade plus to procure (foundries), and not something easily replaceable.

I think the US messed up big time in terms of national defense by not having some Gov program that does semiconductor manufacturing owned 100% from the start by the DoD. Now we need to do some grey area purchase of a failing company.

[thinkharderdev]

> I mean both sides are guilty. ‘08 saw us bail out banks and now the likes of Fannie Mae and Freddie Mac are GSE’s.

George W Bush (also a Republican) was POTUS in 2008 and it was his administration that oversaw the bank bailouts (the program continued under the Obama administration but was designed and implemented by the Bush admin) and the nationalization of Fannie and Freddie.

[estearum]

Whereas with banks, their failure would've thrown the global economy into a deep depression?

[os2warpman]

> now the likes of Fannie Mae and Freddie Mac are GSE’s.

Uh.. they've been GSEs since their founding. (12 U.S. Code § 1717)

"Yeah but in 2008 the government bought shares in th.." Doesn't matter. Still GSEs before that. "But they were privatiz.." Doesn't matter. Still GSEs after that.

Every time someone says "both sides are the same" a billionaire flooding media with 'both sides' messaging in order to distract from what is going on's taint twitches.

[riahi]

Which party was in power when 2008 happened?