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Author Topic: BP Agrees to Set Aside About $20 Billion for Spill Claims  (Read 6271 times)

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Offline ardentconservative

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Re: BP Agrees to Set Aside About $20 Billion for Spill Claims
« Reply #25 on: June 17, 2010, 10:36:30 AM »
Quote from: IassaFTots on June 16, 2010, 02:39:10 PM
Well then, if that is all, then my question would be why are they forking out $20 Billion?


Public preception, I doubt very serously that BP will fork over one thin dime more than they have to legally.
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Offline ConservativeMobster

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Re: BP Agrees to Set Aside About $20 Billion for Spill Claims
« Reply #26 on: June 18, 2010, 01:21:38 PM »
Quote from: cavegal on June 16, 2010, 08:33:39 PM
the head of BP sold his stock 10 days before the fire.  Goldman Sachs sold 250million in BP stock just before the fire. BP gives in to Obama. In the end they still look good??NO? YES? .. BP was huge on the carbon footprint comercials remember? BP huge donor to Obama.  BP made 17 billion last year.  No point just sayin'!

seriously? and we have some rep apologizing for the "shakedown" comment? OMG!
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Offline JohnnyReb

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Re: BP Agrees to Set Aside About $20 Billion for Spill Claims
« Reply #27 on: June 18, 2010, 05:34:39 PM »
Read or heard this somewhere and I got no link for it....but that hasn't stopped me before so here goes.......

BP is on the hook for 20 billion ....right? Their assets in the US are around 20 billion....Right? BP is supposed to make quarterly payments to the  government ...right?

As I understand it, if BP fails to make the payments, then the government seizes their U.S. assets and the secured parties get zilch, zero, Nada....can you say another one bites the nationalization dust?
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Offline bkg

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Re: BP Agrees to Set Aside About $20 Billion for Spill Claims
« Reply #28 on: June 18, 2010, 05:40:18 PM »
Quote from: JohnnyReb on June 18, 2010, 05:34:39 PM
Read or heard this somewhere and I got no link for it....but that hasn't stopped me before so here goes.......

BP is on the hook for 20 billion ....right? Their assets in the US are around 20 billion....Right? BP is supposed to make quarterly payments to the  government ...right?

As I understand it, if BP fails to make the payments, then the government seizes their U.S. assets and the secured parties get zilch, zero, Nada....can you say another one bites the nationalization dust?

I could see that.

But then the citizens would not be able to sue...
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