The US Government Takes a Bigger Role in Corporate America and Policing Food Assistance

Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I’m David Westin, and this week we told of what happens when the government decides to step up its ownership in private companies and cut back on its food assistance programs. If you’re not yet a subscriber, sign up here for this newsletter. If you’re not yet a subscriber, sign up here for this newsletter.

The government has sometimes taken ownership stakes in private companies for years, including when Steven Rattner was the point person for President Barack Obama in restructuring the auto industry. He’s now chair and CEO of Willett Advisors, responsible for investing the personal and philanthropic assets of Michael Bloomberg, owner of the parent company of Bloomberg News.