The U.S. Government Is Addicted to the Tech Giants’ Success. That’s the Problem.
The government is more likely to invest in the tech giants than break them up
In the months leading up to Wednesday’s tech giant hearing, the U.S. federal government was buying millions in tech giant debt. Through BlackRock, an intermediary, the Federal Reserve picked up $25 million in Apple bonds, another $4 million in Amazon, and about $18 million in Microsoft.
The buying spree took place amid a much larger fed program aimed at…