The Real Reason Trump Took 10% Ownership in Intel
Liberty Lockdown
Clint Russell
4.8 • 1.2K Ratings
🗓️ 24 August 2025
⏱️ 28 minutes
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| 0:00.0 | About the 10%. |
| 0:01.0 | Tom Cotton, a senator from Arkansas, a great guy, a friend of mine, a supporter of mine, big support, I'm a supporter of his too. And he wrote a pretty nasty story about the head of Intel. And I said, well, if that's right, he should resign and he came in, he saw me, we talked for a while. I liked him a lot. I thought he was very good. I thought he was somewhat a victim, but you know, nobody's a total victim, I guess. And I said, you know what? I think |
| 0:26.4 | the United States should be given 10% of intel. And he said, I would consider that. I said, |
| 0:32.1 | well, I'd like you to do that. Welcome to Liberty lockdown. This is Clint Russell. It's been a while. |
| 0:36.6 | I apologize. Took a little break. Internet connection issues, weather issues, running errands, travel, |
| 0:43.3 | you know, live in life. But the good news is while I was away, you and I became 10% owners of Intel. |
| 0:51.3 | Who would have thought? Didn't even have to buy it? Nope, that's actually not true. |
| 0:56.0 | That's not what happened. So I did a little digging because at first glance I was like, well, |
| 1:01.2 | this is concerning, odd, unusual. For those that are not familiar with recent history of crises |
| 1:09.5 | and government interaction in the private market, |
| 1:11.8 | probably the best case study on what we're describing here was 2008, which is really where I |
| 1:16.8 | cut my teeth. I just came out of college. I had entered the mortgage industry and I was right |
| 1:21.4 | in the heart of basically the Great Recession and it was not fun. But what we saw happen as a consequence of the Great |
| 1:28.6 | Recession was the federal government acquired multiple large institutions. I think they took on |
| 1:35.6 | like GM for a time, a bunch of liquidations, Washington Mutual got liquidated. Well, I mean, |
| 1:41.5 | Bear Stearns, all of these companies that were going bust and then |
| 1:44.3 | others that were being bailed out and being kind of technically acquired for a time by the United |
| 1:51.0 | States federal government. And I opposed all of it. And you shouldn't be surprised. I am a free market |
| 1:56.6 | capitalist. I believe in creative destruction. I believe that if you make bad business decisions, |
| 2:00.7 | as they did, which led to that crisis, they ought to go bust. But they did. capitalists. I believe in creative destruction. I believe that if you make bad business decisions as |
| 2:01.0 | they did, which led to that crisis, they ought to go bust, but they did not. George Bush and then |
| 2:07.0 | Barack Obama, they continued this process of bailing out these very large, many of them were Fortune |
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