President Obama famously described the government as a “reluctant shareholder”. The administration explicitly took no board seats, minimized day-to-day market intrusion, and divested its shares as quickly as possible, completely exiting GM ownership by late 2013. Maga must be really afraid of "going communist".... Open-Ended Shareholder: In contrast, the current administration treats the federal government more like a sovereign wealth fund or a national hedge fund. Commerce Secretary Howard Lutnick and the White House have explicitly outlined a "money-making motive" for the taxpayer. Economic analysts note these equity stakes appear to be open-ended, long-term positions that the government has no immediate plans to exit