CNBC’s Jim Cramer Shreds Preferential Bailout for Cruise Company Run By Trump Pal

[Dont Taz Me Bro]

Crony capitalism in full swing. Privatize the profits; socialize the losses

CNBC's Jim Cramer Rips Bailout for Carnival Cruise Lines

CNBC's Jim Cramer is irate over the bailout for Carnival Cruise Lines — and questioning whether it is a case of crony capitalism. Appearing on CNBC Monday morning, Cramer reacted to a Wall Street Journal piece detailing how Carnival — thanks to the Fed launching a massive lending program — was...

www.mediaite.com

 

[danielpalos]

We should donate our hospital ships to the UN and convert new hospital ships from the cruise line industry as a more market friendly bailout.

 

[shockedcanadian]

Your bail out was so large and vast that there were bound to be businesses who either donated or were friends with politicians, on both sides of the aisle I'm sure.

 

[rightwinger]

I though Cruise Lines were not eligible because.

They are flagged in foreign countries
They don’t pay US taxes
Their crews are foreigners

 

[Missouri_Mike]

Crony capitalism in full swing. Privatize the profits; socialize the losses

CNBC's Jim Cramer Rips Bailout for Carnival Cruise Lines

CNBC's Jim Cramer is irate over the bailout for Carnival Cruise Lines — and questioning whether it is a case of crony capitalism. Appearing on CNBC Monday morning, Cramer reacted to a Wall Street Journal piece detailing how Carnival — thanks to the Fed launching a massive lending program — was...

www.mediaite.com

Why are we even discussing bailing out cruise lines. Not one of them operates under the US flag. Go ask the country that has their flag on your ship for some money.

 

[okfine]

Crony capitalism in full swing. Privatize the profits; socialize the losses

CNBC's Jim Cramer Rips Bailout for Carnival Cruise Lines

CNBC's Jim Cramer is irate over the bailout for Carnival Cruise Lines — and questioning whether it is a case of crony capitalism. Appearing on CNBC Monday morning, Cramer reacted to a Wall Street Journal piece detailing how Carnival — thanks to the Fed launching a massive lending program — was...

www.mediaite.com

Cramer and Macy's... He is a f'n shill for Macy's. Go figure.

 

[OnePercenter]

I warned you guys about electing a capitalist racketeer, President.

 

[depotoo]

What a crock.
Carnival did not receive any stimulus money. They raised funds with bonds and stock sales-
Cruise line operator Carnival Corp. is turning to all corners of the capital markets to raise at least $6 billion of cash, the biggest test yet of investor willingness to finance industries ravaged by the coronavirus outbreak.



The company is tapping bond investors on both sides of the Atlantic with the sale of at least $3 billion of notes in U.S. dollars and euros. The new bonds will be secured by a first-priority claim on the company’s assets such as its vessels and intellectual property and mature in three years. The dollar-denominated portion is being marketed with a coupon of about 12.5% and the entire offering could be increased to $4 billion, according to people with knowledge of the transaction.



Carnival said it also plans to raise $1.25 billion by issuing common stock and another $1.75 billion through the sale of convertible notes to improve its liquidity position. Combined with the $3 billion the company drew on its bank credit lines earlier this month, the bond and stock sales could give the company as much as $10 billion of additional liquidity. The company’s shares fell early in the session before rebounding sharply, trading up almost 10% as of 11:38 a.m. New York time.

Bloomberg - Are you a robot?

www.bloomberg.com

 

[Nostra]

Cramer is a moron. He couldn’t shred cheese with a wood chipper.

 

[Marion Morrison]

Crony capitalism in full swing. Privatize the profits; socialize the losses

CNBC's Jim Cramer Rips Bailout for Carnival Cruise Lines

CNBC's Jim Cramer is irate over the bailout for Carnival Cruise Lines — and questioning whether it is a case of crony capitalism. Appearing on CNBC Monday morning, Cramer reacted to a Wall Street Journal piece detailing how Carnival — thanks to the Fed launching a massive lending program — was...

www.mediaite.com

It ever slowed down? You know, if reporters actually did their jobs, the graft and corruption would be in the spotlight almost every day.

 

[OnePercenter]

Cramer is a moron. He couldn’t shred cheese with a wood chipper.

So your portfolio is larger than his?

 

[Nostra]

Cramer is a moron. He couldn’t shred cheese with a wood chipper.

So your portfolio is larger than his?

Give me the figure of his "portfolio".

 

[OnePercenter]

Cramer is a moron. He couldn’t shred cheese with a wood chipper.

So your portfolio is larger than his?

Give me the figure of his "portfolio".

It is $110M, and that's in REAL MONEY, not yours.

 

[Nostra]

Cramer is a moron. He couldn’t shred cheese with a wood chipper.

So your portfolio is larger than his?

Give me the figure of his "portfolio".

It is $110M, and that's in REAL MONEY, not yours.

Cool.

Since you ran that errand for me, now go fetch up a fuck that I give.

GO!

 

[Coyote]

I though Cruise Lines were not eligible because.

They are flagged in foreign countries
They don’t pay US taxes
Their crews are foreigners

That is what I thought...

 

[OnePercenter]

Cramer is a moron. He couldn’t shred cheese with a wood chipper.

So your portfolio is larger than his?

Give me the figure of his "portfolio".

It is $110M, and that's in REAL MONEY, not yours.

Cool.

Since you ran that errand for me, now go fetch up a fuck that I give.

GO!

Thanks for letting us know you're an IRA troll.

 

[Nostra]

Cramer is a moron. He couldn’t shred cheese with a wood chipper.

So your portfolio is larger than his?

Give me the figure of his "portfolio".

It is $110M, and that's in REAL MONEY, not yours.

Cool.

Since you ran that errand for me, now go fetch up a fuck that I give.

GO!

Thanks for letting us know you're an IRA troll.

WTF is an Individual Retirement Account troll?

 

[candycorn]

Crony capitalism in full swing. Privatize the profits; socialize the losses

CNBC's Jim Cramer Rips Bailout for Carnival Cruise Lines

CNBC's Jim Cramer is irate over the bailout for Carnival Cruise Lines — and questioning whether it is a case of crony capitalism. Appearing on CNBC Monday morning, Cramer reacted to a Wall Street Journal piece detailing how Carnival — thanks to the Fed launching a massive lending program — was...

www.mediaite.com

Why are we even discussing bailing out cruise lines. Not one of them operates under the US flag. Go ask the country that has their flag on your ship for some money.

We should probably ask your blob first. His Treasury Department is rubber stamping the loan.

 

[candycorn]

Cramer is a moron. He couldn’t shred cheese with a wood chipper.

So your portfolio is larger than his?

Give me the figure of his "portfolio".

It is $110M, and that's in REAL MONEY, not yours.

Cool.

Since you ran that errand for me, now go fetch up a fuck that I give.

GO!

Thanks for letting us know you're an IRA troll.

I doubt he gets paid anything. But he is definitely a troll.

 

[westwall]

We should donate our hospital ships to the UN and convert new hospital ships from the cruise line industry as a more market friendly bailout.

Fuck the UN. We should kick them out of the country and stop giving the corrupt assholes money.