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Feds Recently Hit Cargo Giant In Baltimore Disaster For Silencing Whistleblowers
(www.levernews.com)
this post was submitted on 27 Mar 2024
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It's givesomefucks so while they are wrong 99.999% of the time, this time, they are right.
You realize that Maersk is one of the largest shipping companies in the world, right?
There's 100% going to be a serious civil and criminal investigation into this. Both of those are going to take a long time. Meanwhile Biden pledging to rebuild the bridge as fast as possible is absolutely the right thing to do. Givesomefucks cynically claiming "Biden bad" for this incident that happened yesterday is just not based in reality
It's a cynical hot-take but history has shown that the Whitehouse [GOP and neolibs alike] usually does bail out the multi billion dollar conglomerates so historically speaking, they are probably right.
But there isn't even any reason to think Maersk needs a bailout right now. We have no idea what went wrong with the ship that sent it adrift. And Maersk has insurance that is likely going to be paying a pretty penny in damages to the families of the people who died, the State of Maryland, and other injured parties, and even after that they have incredibly deep pockets
The "bailout" will come when the bill for the bridge needs to be paid. Mark my words, I'll consume a shoe if taxpayers pay nothing.
Maersk is not going to literally pay the bill for rebuilding this bridge because that's not how this works. The government will recoup the money through fines and lawsuits. Maersk isn't even a US company; while it's an important company in global trade, there's not going to be an appetite to not hold them accountable for this, and they have plenty money to pay whatever fines or damages may be coming down the pipe.
Bailouts have only happened when a company is nearing insolvency, and Maersk is nowhere near insolvency. If it were to at some point in the future, which is unlikely, the EU would be responsible for any intervention, not the US
doubt
I guarantee you that we'll see bankruptcies & a billion dollar fine over this.
Maersk? Bankrupt? Homie stop embarrassing yourself.
https://en.wikipedia.org/wiki/Maersk
Maersk will, of course, be fine. Their "independently owned" subsidiary responsible for maintenance might have to shutter until they can file the paperwork to recreate it with a new name and the same "standard" policies and "experienced" people.
I don't know if this resembles their cooperate structure, but one thing I do know is that the company and it's shareholders will not suffer any significant inconvience.
How exactly is the DOJ supposed to hold them accountable without using taxpayer money to conduct the investigation and prosecute the case? It's not like they can take their money first and then do those things.
Payday loans, my man
The salaries for those positions is not dependent on revenue from investigations.
No, they come from taxpayer money. Which was what the person above was implying shouldn't be spent investigating and prosecuting this case. And salaries are not the only thing necessary for that. Courts aren't free.
Yeah, its givesomefucks, they are a crayon eating moron, but that's not the point I am making, which is a bit more nuanced and has to do with the fact that at the end of the day, tax payers will make a new bridge and Maersk and a team of lawyers will appeal any and all monetary violation down the a mere fraction of the total cost the whole thing will end up costing. Indeed, court costs will be astronomical, and you bet your fucking dick hole that it won't be the corporation paying for any of it.