Bailouts Don't Work: The Case of Intel (Shares Down Over 60% This Year Despite Taxpayers' Rescue Fund)

posted by Roy Schestowitz on Aug 28, 2024

Don't let 'crony capitalism' supposedly 'save' Microsoft, which is busy sabotaging the competition instead of creating stuff. Intel also played a role in the sabotage by promoting UEFI 'secure' boot.

Recent: Microsoft's $22,000,000,000 Bailout from President Biden is Now at Risk

April: The US Taxpayers Bail Out Intel (Like They Do Microsoft), Already Deep in Debt and Risking a Bankruptcy

Intel's total debt last quarter was 53.029 billion, an all-time high:

Despite bailouts.

Share price collapsed:

Many jobs lost forever (not offshoring):

Taxpayers' money 'at work'.

What are they paying for anyway? Several more $200,000 salaries for fat Intel cats? Or billions of dollars that will simply end up in the bank accounts of millionaire shareholders of INTC?

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