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Regarding US bailouts, can someone here more knowledgeable can help me understand how a company that has been fined tens of millions of dollars for ocean pollut
by joering2 6y ago
Regarding US bailouts, can someone here more knowledgeable can help me understand how a company that has been fined tens of millions of dollars for ocean pollution, is not US-based incorporated, does not pay taxes on US soil, is in large part responsible for citizens obesity, and hire less than 0.17% American citizens, got bailed out by Feds to the tune of billions of dollars?
https://www.wsj.com/articles/how-fed-intervention-saved-carnival-11587920400 https://www.wsj.com/articles/how-fed-intervention-saved-carn...
- deleted 6y ago[deleted]
- MattGaiser 6y agoBased on that article, they did not bail out Carnival. The Fed just bought a pile of other assets, which meant that investors had more cash to put into other investments like bonds for Carnival, driving their interest rates on the bond market down. It was not directly bailed out. Action by the Fed just made all debt investment more attractive and that made more investors compete for such investment, lowering the interest rates Carnival (and every other corporation issuing bonds) faced.