Hassett Likens US Company Stakes to Sovereign Wealth Funds

National Economic Council Director Kevin Hassett defends the Trump administration taking stakes in public companies, comparing it to Norway’s sovereign wealth fund.

• Hassett says the stakes are done on a case-by-case basis
• Hassett speaks at WSJ CEO Council event
• “Obviously each one will be a case by case basis, but these are not like the government isn’t taking over the management of the companies,” Hassett says, adding these are not voting shares held by the US
• “There are a lot of countries that have sovereign wealth funds. This is a way to get something like that,” Hassett says

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