What is all this talk about the possibility of BP declaring bankruptcy? What would that do to the "legitimate" claims against it?
I have had this concern from the beginning that the interests of BP and those of the president are decidedly different.
BP has a responsibility to its stockholders. Already beaten down by the drop in stock value, will the stockholders now demand that BP seek the protection of bankruptcy? Will the giant oil company resort to this measure as a way of meeting its fiduciary responsibility?
That's a great question. Can the government of the United States do anything about it? That's another one.
Whatever the president can do to protect the interests of BP's American victims should be number one on his agenda.
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with your constant whining about the Pres., If you can do it
any better, get elected to office. If not, try thinking of way you
can help instead of just complaining. It is shrill
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alamantra 10 hours ago (10:54 AM)I've seen you take issue with his dismissive references to "24 hr cable chatter" and "talking heads" as if you don't want to be put in that group ...but you have done so yourself. I've seen you get on TV and demand President Obama send our submarines etc ...which was idiotic babble. Certainly you must realize that our Seawolf class submarines have a crush depth of around 2400 feet. So they can only go half the distance before imploding. If you had been discussing "submersibles" rather than submarines, you'd have made a better argument, though most of the really deep divers in the United States have been out of commission for years. Previous administrations haven't seen a need to fund deep water craft, though we do have and have had the technology,
...But don't ever let facts stand in the way of your sense of panic. That is what President Obama has been rightfully criticizing, but I suppose it is easier to degenerate that into "Obama hates the media" and doesn't care about the coast (even though he is from Hawaii)
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Jim Fourniadis 2 minutes ago (8:39 PM)I have two suggestions for the President and his administration.
1. Establish a war room to handle all the different aspects of the spill including mobilizing a national youth volunteer force this summer to help with the spill---after all this is a war on our national resources and animals, fish and plant life are dying every day while the Obama Administration, the media and local pols worry about reparations and blame.
2. Issue a public challenge to the oil industry (and if they were as smart as everyone thinks they are they would have done this themselves) especially to all the major American oil companies.
“Bring all your equipment and your best minds together—show how much you care about this country and the environment by putting aside competitive behaviors, small minded thinking and save one of our most spectacular resources.
If they don’t, it’s a public relations debacle and will definitely be used against them moving forward… Farther down the line, it might be interesting if Obama commandeered tankers to help move the oil out of the water…. He can give them back after its cleaned up…. What did the oil companies do in the Persian Gulf after Hussein launched the biggest oil spill in global history? This is so far beyond one company’s capacity and to continue to act like it is mind boggling….
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jamaicalover 11 hours ago (9:27 AM)Have a dead serious thought on this and start reporting on your show every day/night.
My original post from 06/13/10.
Commented Jun 13, 2010 at 16:33:41 in Politics
“BP is no stranger to accidents, criminal liability or having our government make them pay.
Be enlightened:
http://en.
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1088 12 hours ago (8:56 AM)Terrorist targets.
Can Perry be forgiven for making the statement at a fund-raiser held by none other than BP? Deference to the host and all that?
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alamantra 10 hours ago (10:57 AM)