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
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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…