I am unaware of any examples, but I haven’t researched the question. Rob isn’t apparently big on returning the favor of answering my questions right now (even after I directly answered his to me) so we may never know.
I can't find any instances where the Govt just took it for Free like this case. Like they just took it with no compensation to the company
Here is AI review .but note the US govt paid the company in most of these cases for the assets they aquire
Yes, the U.S. government has, at times, taken ownership stakes in private companies, most notably during the 2008 financial crisis with companies like General Motors (GM) and AIG, or through eminent domain to acquire property for public use. The government's ownership is usually temporary, involving equity stakes or temporary control to ensure the continued provision of essential services, and it is subject to legal processes like the payment of just compensation for any seized property.
Instances of Government Ownership in Private Companies
2008 Financial Crisis Bailouts:
In response to the financial crisis, the government took significant ownership stakes in struggling companies, including GM and American International Group (AIG), to prevent bankruptcy and stabilize the economy.
Nationalization of Industries:
At various times, the government has temporarily nationalized industries to ensure the continuity of essential services. Examples include:
Railroads: The entire U.S. railroad system was nationalized from 1917 to 1920 under the United States Railroad Administration.
Conrail: The government nationalized northeastern freight railroads under Conrail in 1976 to ensure essential freight services were maintained.
Eminent Domain:
The government can use its power of eminent domain to take private property, including businesses or assets, for public use. This process, known as condemnation, involves the government taking ownership and paying just compensation to the private owner.
Why Government Ownership Occurs
Financial Stability:
To prevent the collapse of major companies vital to the economy or public services, such as during the 2008 financial crisis.
Public Interest:
To ensure the continuation of essential services that private companies may fail to provide adequately.
Economic Intervention:
To stabilize markets or implement broader economic policies during times of crisis or distress.
Legal Framework
Just Compensation:
When the government exercises its power of eminent domain, it is legally required to provide fair and just compensation for the seized property.
Public Use:
A taking of property for public use must be legally justified and for the public benefit, not just for private gain.
Temporary Nature:
Most instances of government ownership in private companies have been temporary, with the government eventually selling its shares back to the public or private sector after stabilization.