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drunkenviking t1_izf1bkz wrote

Reply to comment by seakingsoyuz in [OC] Largest IPOs in history by giteam

Sure, but the US government had enough ownership power to make any decisions unilaterally. The other players owned a chunk but were essentially toothless.

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spongesking t1_izg7mmp wrote

Not true. Stocks are divided into preferred and common stocks. The difference is that preferred stocks don't have voting rights; common stocks do.

I know the US government bought preferred stocks, but don't know how much. So, this could imply the US government wasn't the "true main shareholders".

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drunkenviking t1_izgs0fu wrote

I assumed that the other person knew more than I did, hence the response I gave. (Which was probably dumb of me!)

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spongesking t1_izh2i3b wrote

No problem, just clarifying, because usually reality is more complex.

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