Shell Game

by digby

John Warner says that DP World has agreed to transfer the operation of their US ports to a US "entity." They are guaranteed, apparently, not to suffer any financial loss in the deal. One must wonder exactly how that will be accomplished --- and who will be paying for it.

It appears on the surface that they are going to set up a shell company in the US in which the US taxpayer will guarantee DP World that it won't lose money. Nice deal. It will be interesting to see if that passes muster with the public.


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