BP has a live video feed at site of the oil leak:
While that stuff goes up, their stock goes down:
Rumours are that the company will not survive as a single entity. You can just imagine the lawsuits that are coming.
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Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
1 comment:
Under one law they are only liable for $27M total liability
That is why the gov is tkaing a hands off approach, as long as they are spending their own money under their own direction, then government won't have to pay BP. When they start giving instructions, BP could charge for it.
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