Is it appropriate to use DFC funds this way?

[berg80]

DFC Announces $20B Plan for Maritime Reinsurance in the Gulf​

WASHINGTON, D.C. – U.S. International Development Finance Corporation (DFC) CEO Ben Black and U.S. Treasury Secretary Scott Bessent today announced agreement on a detailed implementation plan approved by President Trump to deploy Maritime Reinsurance, including war risk, in the Gulf region. In close coordination with CENTCOM, this plan will restore confidence in maritime trade, help stabilize international commerce, and support American and allied businesses operating in the Middle East during the conflict with Iran.

This announcement marks a key milestone toward the rapid implementation of President Trump’s directive to utilize DFC’s innovative financial toolkit to safeguard the continued flow of trade.

“I am grateful to President Trump and Secretary Bessent for their support and approval of DFC’s plan to restore confidence in maritime trade and stabilize international markets. Working alongside CENTCOM, DFC coverage will offer a level of security no other policy can provide. We are confident that our reinsurance plan will get oil, gasoline, LNG, jet fuel, and fertilizer through the Strait of Hormuz and flowing again to the world,” said DFC CEO Ben Black.”

DFC Announces $20B Plan for Maritime Reinsurance in the Gulf | DFC

WASHINGTON, D.C. – U.S. International Development Finance Corporation (DFC) CEO Ben Black and U.S. Treasury Secretary Scott Bessent today announced agreement on a detailed implementation plan approved by President Trump to deploy Maritime Reinsurance, including war risk, in the Gulf region. In...

www.dfc.gov

It goes without saying now that trump has done it devoted trump enthusiasts will agree it is perfectly fine. In reality its another instance where the trump government is involving itself in what used to be the purview of the private sector. Reinsurance companies exist in the free market. They help first tranche insurance companies lay off the risk of massive losses. If private sector reinsurance companies saw a favorable risk/reward scenario in insuring ships passing through the Straight of Hormuz they'd be willing to write policies to that effect. They aren't.

So trump is using taxpayer dollars to entice shippers to allow their vessels to take enormous risks because of the colossal miscalculation he made regarding the consequences of his idiocy. Using DFC money in ways it was never intended to be used for.

 

[kyzr]

DFC Announces $20B Plan for Maritime Reinsurance in the Gulf​

It goes without saying now that trump has done it devoted trump enthusiasts will agree it is perfectly fine. In reality its another instance where the trump government is involving itself in what used to be the purview of the private sector. Reinsurance companies exist in the free market. They help first tranche insurance companies lay off the risk of massive losses. If private sector reinsurance companies saw a favorable risk/reward scenario in insuring ships passing through the Straight of Hormuz they'd be willing to write policies to that effect. They aren't.
So trump is using taxpayer dollars to entice shippers to allow their vessels to take enormous risks because of the colossal miscalculation he made regarding the consequences of his idiocy. Using DFC money in ways it was never intended to be used for.

This is not new. We backstopped insurers several times before.

 

[martybegan]

This is not new. We backstopped insurers several times before.

View attachment 1227749

Well that ends this thread.

 

[Mac1958]

He creates chaos, then has to jump in to fix what he caused.

Over and over and over. It's all he knows.

 

[TNHarley]

He creates chaos, then has to jump in to fix what he caused.

Over and over and over. It's all he knows.

Thats what our government has been doing for over a hundred years.
You realize America didnt start in 2016, right?

 

[Harry Dresden]

Thats what our government has been doing for over a hundred years.
You realize America didnt start in 2016, right?

for mac thats the day he became the newest democrat...

 

[berg80]

He creates chaos, then has to jump in to fix what he caused.

Over and over and over. It's all he knows.

With WTI going above $90 I understand the desperation. But the offer doesn't appear to be working.

 

[Nostra]

DFC Announces $20B Plan for Maritime Reinsurance in the Gulf​

WASHINGTON, D.C. – U.S. International Development Finance Corporation (DFC) CEO Ben Black and U.S. Treasury Secretary Scott Bessent today announced agreement on a detailed implementation plan approved by President Trump to deploy Maritime Reinsurance, including war risk, in the Gulf region. In close coordination with CENTCOM, this plan will restore confidence in maritime trade, help stabilize international commerce, and support American and allied businesses operating in the Middle East during the conflict with Iran.

This announcement marks a key milestone toward the rapid implementation of President Trump’s directive to utilize DFC’s innovative financial toolkit to safeguard the continued flow of trade.

DFC Announces $20B Plan for Maritime Reinsurance in the Gulf | DFC

WASHINGTON, D.C. – U.S. International Development Finance Corporation (DFC) CEO Ben Black and U.S. Treasury Secretary Scott Bessent today announced agreement on a detailed implementation plan approved by President Trump to deploy Maritime Reinsurance, including war risk, in the Gulf region. In...

www.dfc.gov

It goes without saying now that trump has done it devoted trump enthusiasts will agree it is perfectly fine. In reality its another instance where the trump government is involving itself in what used to be the purview of the private sector. Reinsurance companies exist in the free market. They help first tranche insurance companies lay off the risk of massive losses. If private sector reinsurance companies saw a favorable risk/reward scenario in insuring ships passing through the Straight of Hormuz they'd be willing to write policies to that effect. They aren't.

So trump is using taxpayer dollars to entice shippers to allow their vessels to take enormous risks because of the colossal miscalculation he made regarding the consequences of his idiocy. Using DFC money in ways it was never intended to be used for.

Is this the fund Tater used to buy the tranny comic books?




.

 

[berg80]

This is not new. We backstopped insurers several times before.

View attachment 1227749

AI Overview

During the Iran-Iraq "Tanker War" in the 1980s, the U.S. government did not typically offer direct financial insurance policies, but instead provided critical security, including naval escorts (Operation Earnest Will) and the reflagging of Kuwaiti tankers to U.S. flags to protect them from attack.

 

[Nostra]

DFC Announces $20B Plan for Maritime Reinsurance in the Gulf​

WASHINGTON, D.C. – U.S. International Development Finance Corporation (DFC) CEO Ben Black and U.S. Treasury Secretary Scott Bessent today announced agreement on a detailed implementation plan approved by President Trump to deploy Maritime Reinsurance, including war risk, in the Gulf region. In close coordination with CENTCOM, this plan will restore confidence in maritime trade, help stabilize international commerce, and support American and allied businesses operating in the Middle East during the conflict with Iran.

This announcement marks a key milestone toward the rapid implementation of President Trump’s directive to utilize DFC’s innovative financial toolkit to safeguard the continued flow of trade.

DFC Announces $20B Plan for Maritime Reinsurance in the Gulf | DFC

WASHINGTON, D.C. – U.S. International Development Finance Corporation (DFC) CEO Ben Black and U.S. Treasury Secretary Scott Bessent today announced agreement on a detailed implementation plan approved by President Trump to deploy Maritime Reinsurance, including war risk, in the Gulf region. In...

www.dfc.gov

It goes without saying now that trump has done it devoted trump enthusiasts will agree it is perfectly fine. In reality its another instance where the trump government is involving itself in what used to be the purview of the private sector. Reinsurance companies exist in the free market. They help first tranche insurance companies lay off the risk of massive losses. If private sector reinsurance companies saw a favorable risk/reward scenario in insuring ships passing through the Straight of Hormuz they'd be willing to write policies to that effect. They aren't.

So trump is using taxpayer dollars to entice shippers to allow their vessels to take enormous risks because of the colossal miscalculation he made regarding the consequences of his idiocy. Using DFC money in ways it was never intended to be used for.

Private insurance used to take care of health insurance. Then Barrycare came along and the govt took over much of it.

I don’t recall you pissing your Depends.

 

[BackAgain]

He creates chaos, then has to jump in to fix what he caused.

Over and over and over. It's all he knows.

You’re wrong as always. Monotonous and unable to think on your own. But still flatly wrong

 

[Nostra]

He creates chaos, then has to jump in to fix what he caused.

Over and over and over. It's all he knows.

The massive irony in this Libtard’s post is simply amazing.

 

[berg80]

Does the orange piece of shit realize Iran's goal here is not to win in the traditional sense but rather to survive. And in so doing inflict the maximum cost possible on the US in the way of economic pain during what looks to be a protracted war.

 

[BackAgain]

Does the orange piece of shit realize Iran's goal here is not to win in the traditional sense but rather to survive. And in so doing inflict the maximum cost possible on the US in the way of economic pain during what looks to be a protracted war.

Your vile way of referring to our terrific President is petty and dishonest — making it your standard fare.

Anyway, how would anyone know if some other person shares your idiotic view about how Iranian leaders think? FFS, you sure as hell don’t know if your claim about their views is in any way true.

You remain an asshole.

 

[ColonelAngus]

Lefties CARE ABOUT IRAN.

Especially the political executions, misogyny, and pedophilia!



You lefties should move there. You would love it!

Also, I would love it if you moved there.

 

[berg80]

Insurance is not the main problem for ship owners right now, said Matt Wright, senior freight analyst at consulting firm Kpler. Tankers are not moving through the Strait because they are worried about their physical security, Wright said.

“There needs to be some confidence that Iran’s ability to continue to wage war has diminished,” Wright told CNBC.

Trump admin announces $20 billion reinsurance program for oil tankers during Iran war

Tanker traffic through the Strait of Hormuz remains at a standstill as the Iran war engulfs the region.

www.cnbc.com

 

[evenflow1969]

Insurance is not the main problem for ship owners right now, said Matt Wright, senior freight analyst at consulting firm Kpler. Tankers are not moving through the Strait because they are worried about their physical security, Wright said.

“There needs to be some confidence that Iran’s ability to continue to wage war has diminished,” Wright told CNBC.

Trump admin announces $20 billion reinsurance program for oil tankers during Iran war

Tanker traffic through the Strait of Hormuz remains at a standstill as the Iran war engulfs the region.

www.cnbc.com

View attachment 1227792

Yep, I have a captains license. Why the hell would I go run a tanker through there. I served when I was young. Now it is about a paycheck. Can't spend it when you are dead.

 

[evenflow1969]

Private insurance used to take care of health insurance. Then Barrycare came along and the govt took over much of it.

I don’t recall you pissing your Depends.

Lol, go get a captains license and run a tanker through there if you support good ole Donnie so much.

 

[fncceo]

Damn him to hell for taking out the world’s biggest funder of terrorism while simultaneously keeping the oil flowing!

How dare he!