this post was submitted on 27 Aug 2025
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I don't know why the reporters aren't including this (or perhaps I missed it, or maybe everyone just knows this) but Amtrak is wholly owned by the federal government that's why he can just take over like this without much fuss. It's a corporation that's supposed to be profitable but the federal government owns all the preferred stock so they can do whatever they like.
edit: i did miss it 😵
I think it's the National Guard showing up and wanting 2 billion dollars to give it a makeover that's making it sound extra shitty. This is an "I'm the king!" move.
It’s “everyone just knows this”
...in the USA
He is just going through all the Federal assets one by one so he can pilfer them.