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Reply #7: There is no liability cap on fines ($1000/bbl). US will own BP by the time they cap this. [View All]

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leveymg Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-30-10 03:02 PM
Response to Original message
7. There is no liability cap on fines ($1000/bbl). US will own BP by the time they cap this.
It's all in how you calculate the spill rate. The liability cap applies to private civil damages, and is really a red herring.
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  -Smackdown Of Right-Wing Talking Point On BP Liability ChoppinBroccoli  May-30-10 02:25 PM   #0 
  - actually the gay californians are still married  dsc   May-30-10 02:28 PM   #1 
  - STOP THAT RIGHT NOW!! HE"S ON A ROLL LOL  Traveling_Home   May-30-10 02:43 PM   #6 
  - Facts . . . is that all you've got?  Vinca   May-30-10 02:31 PM   #2 
  - Great smack-down.  Richardo   May-30-10 02:33 PM   #3 
  - It also strikes me (admittedly a non-lawyer) that his insurance examples are total non-sequitors.  drm604   May-30-10 02:35 PM   #4 
  - When it goes into effect, if you don't have insurance you will charged/acessed a fee/tax you are not  jp11   May-30-10 03:21 PM   #8 
  - I rec'd this but maybe your reichwing friend is here unrec'ing?  sabrina 1   May-30-10 02:43 PM   #5 
  - There is no liability cap on fines ($1000/bbl). US will own BP by the time they cap this.  leveymg   May-30-10 03:02 PM   #7 
  - And this is why BP has been trying to hide the spill rate.  drm604   May-30-10 03:25 PM   #9 
  - K & R nt  laughingliberal   May-30-10 03:32 PM   #10 
  - The cap is a way to socialize their losses, while keeping profits private.  Scuba   May-30-10 04:01 PM   #11 
  - I Got A Response  ChoppinBroccoli   May-30-10 11:30 PM   #12 
     - Then, To Illustrate My Point, I Added This Little Addendum  ChoppinBroccoli   May-30-10 11:52 PM   #13 
 

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