BP will file for bankruptsy?

[hammondjam]

Yep...I remember what happened to the trucking industry when it got de-regulated. 80,000 lbs. plus going down America's roadways driven by drivers on speed(or even asleep) so that they could get the "hot loads" to their destinations while lying like a dog on their log books. The drivers weren't the cause of this. It was a "do it or you're fired" situation that came from the owners of the trucking companies. I myself was forced to sit through a 2 hour safety meeting that harped on the company's dedication to safety but then later got told to get a load through even though I was out of hours. We HAVE to put an independant watchdog entity over corporations or they'll just do whatever they want. BP and the rest of the oil industry is no different. I'd say the banking industry is my next choice since they basically caused our latest crash.

[RatSass]

OTOH, I will say kudos to Obama for wrangling 20 billion out of BP in

First, BP should pay for all damages.

Second, there is a procedure for recovering these damages.  Why not allow BP to try to settle out of court and if no settlement is reached then take it to the courts.  If someone causes damages to me or my property this is the way it is handled.  Why allow some third party to decide who gets paid and who does not?  Look at the settlement from 9/11 and Katrina!  There were a large percentage of claims paid that later were shown to be fraud.

If obama thinks he should be involved why did he wait two months?  This guy continues to confirm my opinion of him every day.

[Sir Jeffrey]

Considering the "current" law limits BP's liability at 75 million, I believe 20 billion is a big deal.

[Whoo]

Well, from the outset, BP has done nothing but LIE, and in terms of their assertions they are helping displaced workers, businesses, etc., I would counter that paltry $5K they gave out a week or two after the spill is EXACTLY the reason why the seed money needed to be taken, and taken out of their hands.  Some of those fishermen were earning $5K per day, and they have been tossed to the wayside, offered cleanup jobs at incredibly low wages and with admonitions not to bring their safety gear or they will be fired.  Is that supposed to make them whole?  I wouldn't trust BP to willingly pay for jack, and they have already shown they will circle the wagons, try to mitigate damages as much as they can.  I say screw them, get some of the money in advance. >:( :mad:

[Whoo]

What's getting me is Senator Barton's freakin' apology to BP.  Granted, he has been an oil industry ho for decades, has already amassed over $100K in campaign contributions since 2009 from oil lobbyists, and is a head honcho in the Energy Department, but how can anyone have been so stupid?  He called it Obama's "shakedown" - well, again, if that's what you want to call it, fine, but get as much as you can out of them.  It's not a stretch of the imagination, particularly because BP has been shown to lie about virtually everything, to see the handwriting on the wall - a company with such deep pockets can and will use the legal system to starve people out.  They wouldn't be the first to do it.  So, waiting for a day in court is not really an option when people need help NOW.

[Whoo]

I saw an interview with a BP whistleblower last night, and he is asserting there is another rig close to this one built with the same incomplete blueprints as was used on Deepwater.  He also said there was another one (didn't get the location) already showing signs it has the potential to blow, again built with incomplete blueprints.  Naturally, when the dude (an engineering expert) voiced his concerns, he was told to shut up, then fired for good measure when he put his concerns into writing. 

So, why exactly should we as a country give BP (or any other oil company) any slack?  Why should we take them at their word when the words have been one lie after another? >:(

[RatSass]

is EXACTLY the reason why the seed money needed to be taken, and taken out of their hands.

So, we throw due process out the door?  That is BS and just one more chunk taken from our freedoms.  If we need to change the laws, use procedures in place to change them but we should never go back to vigilante justice no matter how bad the crook!

[Mr T]

I don't know - I kinda like vigilante justice.  I would prefer them to be afraid of us.  Exxon certainly wasn't - years and years and years went by with no help for the people, after the Valdez disaster. The legal system does not favor the small people.  Most money finally won will be paid to lawyers, if we do this the Exxon way.

The Dalkon shield suit dragged on for years and years.  I read that the average lawyer payment at the end was $21,000.00.  I got cancer and $275.00.

The USA was not born out of politeness and rule of law!  I'm tired of being a pushover for the monied class.

[OBSERVER]

  Most money finally won will be paid to lawyers, if we do this the Exxon way.

The Dalkon shield suit dragged on for years and years.  I read that the average lawyer payment at the end was $21,000.00.  I got cancer and $275.00.

The USA was not born out of politeness and rule of law!  I'm tired of being a pushover for the monied class.

For the most part --- our laws are made BY -- and FOR lawyers !!!!--- ::(:


One reason I think lawyers should NOT be allowed to run for either the House or Senate.

[Mr T]

One of the reasons I will NOT be voting for Emily Virgin is her lawyerhood.  I have a lot of other reasons, too, but "lawyer" is definitely in there.  The number of lawyers in the USA should decrease by 50%.  We have WAY too many.  They should be kept out of the law-making branches.

[Mr T]

Oh, God! :o  Now Alan Simpson of the "Deficit Commission" has gotten into a shouting match with a Social Security activist - he snapped at the activist that they were trying to protect the lesser people. :o :o

Not only are we small, we are lesser!  Jeebus.   ::(:

[hammondjam]

So, we throw due process out the door?  That is BS and just one more chunk taken from our freedoms.  If we need to change the laws, use procedures in place to change them but we should never go back to vigilante justice no matter how bad the crook!

Due process is FOR SALE! That's the best way I can put it. If freedom means the ability to buy your way out of a crime against humanity and the enviroment, then let THAT kind of freedom be dashed upon the oily rocks of reality!

This system of deep water drilling is flawed and problems such as this take a backseat to investor profits. We don't need gasoline as bad as we need food. Also, if this were Long island Sound, heads would be rolling because of the difference in income levels. I know because I lived there and saw the vast wealth that WAS my neighbors.

[hammondjam]

If we allow companies to pollute like we did in the seventies, then we're moving backward. Backward towards a time when firing up your gas guzzling toy was worth the burning rivers and dead wildlife.

Make'em pay. F**k the investors!!!! Let'em pick a stock that is less deadly!

[Sir Jeffrey]

Hey Ham, don't hold back, let us know how you really feel, lol. ::D:

[Whoo]

So, we throw due process out the door?  That is BS and just one more chunk taken from our freedoms.  If we need to change the laws, use procedures in place to change them but we should never go back to vigilante justice no matter how bad the crook!

So, what about due process for the people whose lives were lost?  What about their families?  What about the hundreds of people facing financial ruin because for nearly two months their income has been essentially stopped?  Where's THEIR due process?  Hey; if the tab doesn't run up to 20 billion, then BP gets the overage back, with accrued interest.   >:(