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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.