BP will file for bankruptsy?

[Whoo]

BP's actions have caused an even larger chunk of freedom to be lost - just ask the people of the affection region.  They are not free to put food on their table, to keep a roof over said table, to invite tourism which helps a state's overall economy, etc.  That's one hell of a loss of freedom, and IMO, the needs of the many far outweigh the wants of a few.  Let's also not forget BP will be able to do a tax offset on this sum. 

Vigilante justice?  Really?  Well, if BP had willingly set up a damages fund immediately after the explosion (damnit, they KNEW more oil was gushing out than they were reporting, another LIE), then this would be a moot point.  If they were taking a "we don't know how to contain this, so let's try newer technologies being offered by various persons" instead of utilizing a bare-bones tactic of paying things out (whether in damages or prevention)  this would be moot.  But they didn't. >:(

[Whoo]

This is not vigilante justice:  the government waited 58 freakin' days to see if BP was gonna do the right thing, and they didn't.  I don't blame Obama one bit, and I think it's horrible he is getting so much flak.  On the one hand, he followed the rule of law, and people gigged him for not going beyond the law.  Then he forced the instatement of a trust fund, and now he's being gigged for going "beyond" the law.  How about doing what's appropriate and needed NOW?

The congressional questioning of Hayward was disgusting, but indicative of the approach BP has been taking from the get-go.  Keep in mind there is also the issue of criminal industrial homicide due to the deaths of the rig workers.  No, they have repeatedly proven themselves to not be trustworthy.  Obama's forcing them to put money up front isn't infringing on any American's rights, and any company doing business in the US better have their ducks in a row. >:(

[Sir Jeffrey]

Yeah, What Whoo said, go girl, lol ::;:

[hammondjam]

I would rather see gasoline and diesel go up to 5 dollars per gallon than to allow anymore deep drilling. This is clearly a new technique and way too risky to continue.

I had a pretty good idea that Suttles was "padding" the information when talking on the news when this first happened. More damage control than real info. These days, investor confidence is far more important than a bunch of Cajuns to these corporations.

Rich people being more important than the rest of us is class war. Class war IS the man behind the curtain. "He" is providing many of the problems going on today in our country. As corporations combine and grow more powerful, their power and influence will increase to the point where there will be no more government of the people. It will be a corporate government. Of course, if it ever gets to the point where this DOES happen, the rich will no longer be safe. They'll be fighting for their OWN place on the ladder. While the ghettos get larger, the country club will get smaller.

[hammondjam]

Anything that Obama does, right or wrong, is gonna get a negative spin from the right. Any true assessment of his performance as POTUS will get mucked up(like crude on a pelican) in partisan bashing. That's the way the game is played.

Maybe we should do what the right says. Maybe we should put Obama up on charges,  let BP off the hook and then pay THEM for what they've spent already like we did the investment banking folks. Who knows....maybe they'll be so happy with us that they'll create a whole bunch of high paying jobs like the investment bankers did...uh well...will in the future, I'm sure  :o. Yeah right!!

[Sir Jeffrey]

 ::D:

[hammondjam]

BP has, by their risky endeavors, caused the deaths of their workers and caused the worst pollution in American history while leaving a whole industry drydocked and several southern states without their tourism income. I cannot believe that there are those that would have us just absorb the losses and let this multi billion dollar company off the hook. Go to some right wing sites if you don't believe me. They're out there bashing Obama for inaction while at the same time calling the 20 billion dollar payout a crime against the oil company.

[OBSERVER]

Deep sea drilling and wells are quite like outer space missions, --- and should be handled in very much the same way.  We have learned that in space missions the smallest of error can cause huge problems and try to work and rework in detail every small thing.

I believe in deep sea drilling --- but much more care needs to be taken in the planning and execution of doing it !!!!   If we have the knowledge to do something this extreme -- then it should be done in the most prepared and thought out way possible -- without any shortcuts !!!!!

Human existence and advancement has always hinged on the TRUSTing of other humans.

The problem is knowing who to trust with such important missions.

[OBSERVER]

By RAPHAEL SATTER

LONDON (AP) - BP chief executive Tony Hayward, often criticized for being tone-deaf to U.S. concerns about the worst oil spill in history, took time off Saturday to attend a glitzy yacht race off England's Isle of Wight.

Fiddling while Rome burns !!! ----- ::;:

[hammondjam]

By RAPHAEL SATTER

LONDON (AP) - BP chief executive Tony Hayward, often criticized for being tone-deaf to U.S. concerns about the worst oil spill in history, took time off Saturday to attend a glitzy yacht race off England's Isle of Wight.

Fiddling while Rome burns !!! ----- ::;:

And we all know what happens when Italians get mad.

THIS is yet another reason that we need a watchdog group that will not and cannot take money from lobbyists and/or company execs. This group would have the power to levy large fines for cutting corners too. The damage to the enviroment and the people along the coastline is NOT a concern of Hayward's. Hitting his money source WILL!!

[Whoo]

...and the longer an entity waits to take money from another entity, the more difficult it becomes to obtain it. ;)

[Mr T]

I'm still mad that Obama didn't punch Tony Hayward in the nose when he said he wanted his life back.  Maybe it's just a result of being the only girl and having three brothers, but my brothers would have punched him if he treated me like that.   :mad:

I know I'm old, and the world has moved beyond me, but sometimes somebody really needs a nose-punch, in defense of honor and good.

[Whoo]

Yeah, or a good swift kick to the na-na's with a steel-toed boot! >:( ;D

The way I see things in terms of the monetary "shakedown", and aside from the legal crap sure to follow over the next few years and more, it's one of those, "out of sight, out of mind" things.  BP was hoping like hell this fund wouldn't be set up (I'm sure they felt the siphon fund was enough of an olive branch), and then with the legal wranglings and them keeping the possibility of bankruptcy on the table, they would have to pay less and less.  I do believe the other two companies involved will ultimately have very little to pay out of this (well, except for the manufacturer of the blowout preventer, perhaps). 

[Whoo]

Here's the circling of the wagons:

http://www.msnbc.msn.com/id/37817700/ns/us_news-washington_post

Eghads, once again Oklahoma is being mentioned in the same breath as OIL and SPILL.   ::)

May want to check out the other links on the page, too.

[Whoo]

You gotta be kiddin' me  :mad:

http://www.msnbc.msn.com/id/37841204/ns/disaster_in_the_gulf/