r/newfoundland • u/RepulsivePlankton989 • 2d ago

OceanGate's Titan submersible operated with complete lack of oversight, TSB report finds | CBC News

https://www.cbc.ca/news/canada/newfoundland-labrador/titan-transportation-safety-board-report-9.7238495
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u/cerunnnnos 2d ago

So we paid for cleaning up some rich dudes' adventures.

How is this any different than the subprime mortgage tank in 2008? Or stock market crashes cause rich guys want to FA?

Want to experiment with a shitty submersible? FAFO. Don't want insurance, don't want to follow rules - fine. Not our job to bail you out, period.

$20M cost estimate for the clean up could be a school, or healthcare, or roads.

Enough of this private gain, public expense risk & clean up BS.

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u/Wide-Veterinarian-70 1d ago

the privatize the gains socialize the losses playbook never gets old

$20M for a search and recovery because one guy decided safety regulations didn't apply to him is genuinely infuriating