Kudlow Floats U.S. Government Equity Stakes in Companies Helped
- Investor applauds ‘thinking a little bit outside of the box’
- Political sensitivity could be issue; history shows precedent
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The White House’s top economic adviser, Larry Kudlow, said the administration may consider asking for an equity stake in corporations that want coronavirus aid from taxpayers.
“One of the ideas is, if we provide assistance, we might take an equity position,” Kudlow said Wednesday at the White House, adding that the 2008 bailout of General Motors had been a good deal for the federal government.