Right. It's not clear what Intel is recieving as consideration, given that the funds are already legally theirs. But, yknow, not my wheelhouse
Replies
"Trump will not rage at us and our CEO" is both extremely corrupt and extremely valuable consideration.
aug 23, 2025, 1:53 am • 19 1 • view
When CHIPS and Science Act was passed, it gave the executive very broad leeway to use the funds as they see fit. Because Congress can't be bothered to actually set standards for use.
aug 23, 2025, 8:37 am • 0 0 • view
Sure, in the sense that I can see the board valuing that, but not obviously in the sense that it is a legitimate consideration
aug 23, 2025, 1:54 am • 14 0 • view
Like "I am giving the mafia money to not burn my business down" is a transaction where both parties in some abstract market sense receive something of value, but still, not a transaction that is legitimate
aug 23, 2025, 1:56 am • 38 4 • view
Also, anyone confident Trump would hold up his end of that deal is overconfident.
aug 23, 2025, 2:05 am • 1 0 • view
To be fair, that hasn’t actually been tested in front of the Roberts court, has it?
aug 23, 2025, 2:01 am • 5 0 • view
cut to @hurricanexyz.bsky.social saying about blackmail is speech
aug 23, 2025, 2:06 am • 7 0 • view
In some abstract sense every market transaction is an expressive act
aug 23, 2025, 2:07 am • 14 0 • view
💯
aug 23, 2025, 2:09 am • 3 0 • view
Not even that abstract! "I prefer this good to this amount of money"
aug 23, 2025, 2:09 am • 5 0 • view
If market transactions didn't have expressive content then the whole Hayek price mechanism thing wouldn't work
aug 23, 2025, 2:11 am • 5 0 • view
Whoa whoa whoa but not, like, in a BDS way, okay?
aug 23, 2025, 2:11 am • 2 0 • view
Some just come with prison time
aug 23, 2025, 2:08 am • 12 0 • view
if intel made this deal outside the US, wouldn't this be textbook FCPA violating?
aug 23, 2025, 2:00 am • 10 0 • view
I think it is safe to say that if US companies were, in, say, 2014, interacting with the government of, say, Nigeria or Egypt in the same way they are acting with respect to the US government in 2025, the FBI would be indicting several of their directors
aug 23, 2025, 2:02 am • 40 9 • view
Tbd whether it pans out that way in a future admin. But it should.
aug 23, 2025, 2:04 am • 21 2 • view
Yeah. I’m not sure what the statute of limitations would be on something like this, but we’re starting to say least get close to the date on which I’d start to get seriously nervous doing anything for Trump.
aug 23, 2025, 2:09 am • 14 0 • view
Entirely seriously the next admin should be indicting a lot of people who go along with any of this
aug 23, 2025, 2:10 am • 41 4 • view
"but I needed to in order to get things done" cool story bro, tell it to the jury
aug 23, 2025, 2:11 am • 15 0 • view
Extortion is always the defense to bribery and vice versa
aug 23, 2025, 2:13 am • 1 0 • view
I want all the general counsels to testify when the directors claim their lawyer said it was fine.
aug 23, 2025, 2:16 am • 2 0 • view
REMINDER, once again, to everyone involved: The Supreme Court says the President has immunity; the Supreme Court HAS NOT SAID THAT ABOUT YOU OR ANYONE ELSE INVOLVED
aug 23, 2025, 2:14 am • 6 0 • view
That ship sailed.
aug 23, 2025, 2:54 am • 0 0 • view
I honestly think everypotential Democratic candidate needs to expressly say this. Congressional candidates need to announce that they’re planning on holding extensive public hearings backed by their contempt powers. Etc.
aug 23, 2025, 2:12 am • 15 1 • view
Loooooota reasons it's not up to me, but man, if it were, I would be putting the fear of God into corporate america that if you want to be a part of this, you better hope this admin lasts forever
aug 23, 2025, 2:13 am • 26 3 • view
Minimum of five years.
aug 23, 2025, 2:17 am • 5 0 • view
Interesting. (I’ma tax guy, and tax SoLs are generally 3 years.)
aug 23, 2025, 2:20 am • 0 0 • view
Honestly
aug 23, 2025, 2:07 am • 0 0 • view
They need to meet certain requirements (including regarding their new A14A process) to get the rest of the money and it’s not clear, given how their business was going, that they could.
aug 23, 2025, 1:55 am • 0 0 • view