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Reply #2: So does nationalizing essentially mean we just take over the company? (Or in [View All]

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gateley Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jun-11-10 12:51 PM
Response to Reply #1
2. So does nationalizing essentially mean we just take over the company? (Or in
this case, US operations?)

Thanks for responding!
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  -Explain to me what 'nationalizing' BP would do. gateley  Jun-11-10 12:46 PM   #0 
  - Not a lot  dipsydoodle   Jun-11-10 12:49 PM   #1 
  - So does nationalizing essentially mean we just take over the company? (Or in  gateley   Jun-11-10 12:51 PM   #2 
  - To do so  dipsydoodle   Jun-11-10 01:13 PM   #22 
     - Buy? Hell no, expropriate without compensation.  blindpig   Jun-11-10 01:52 PM   #32 
        - please read the 5th amendment  melm00se   Jun-12-10 08:41 AM   #48 
           - If the law is inadequate to the needs of the times  blindpig   Jun-12-10 09:00 AM   #49 
              - So during wartime you support disposing of due process? After all you just said >  KittyWampus   Jun-12-10 09:37 AM   #53 
  - How does the US nationalize a UK corporation?  jdlh8894   Jun-11-10 12:53 PM   #4 
     - It not so much that it can't  dipsydoodle   Jun-11-10 01:11 PM   #21 
     - The same way the rest of the world did?  Hawkowl   Jun-11-10 02:53 PM   #36 
  - Nationalizing BP would change little, IMO.  Cant trust em   Jun-11-10 12:53 PM   #3 
  - The word actually means SEIZE BP  BeFree   Jun-11-10 12:54 PM   #5 
  - How do you Seize assetts from a company that is based in the UK?  jdlh8894   Jun-11-10 12:56 PM   #10 
  - Ah - I think that's what I was failing to understand, the actual action. And knowing  gateley   Jun-11-10 12:57 PM   #11 
     - first, BP does have US assets to seize. second the US has seized  ladywnch   Jun-11-10 01:32 PM   #27 
  - If only we could nationalize their trade secret hold on COREXIT n/t  Cetacea   Jun-11-10 12:54 PM   #6 
  - No kidding! I just don't get that! nt  gateley   Jun-11-10 01:02 PM   #15 
  - It would force those who are screaming it to move onto the next item on their list  HughMoran   Jun-11-10 12:54 PM   #7 
  - That might be a good thing  DJ13   Jun-11-10 12:57 PM   #12 
  - It would allow us to focus less on profits for investors and more on safety (nt)  The Straight Story   Jun-11-10 12:55 PM   #8 
  - Nationalizing BP would mean that the U.S. would take ownership...  Ozymanithrax   Jun-11-10 12:55 PM   #9 
  - Thanks for the explanation - very helpful. Since some of those calling for  gateley   Jun-11-10 01:01 PM   #13 
     - Unless there are 60 credible votes in the Senate...  Ozymanithrax   Jun-11-10 01:08 PM   #18 
        - All of which shows that our government is owned by Capital  blindpig   Jun-11-10 02:30 PM   #35 
           - No, it shows that there is a political price for everything...  Ozymanithrax   Jun-11-10 05:52 PM   #41 
              - The only political price of consequence is the loss of cash inflow  blindpig   Jun-12-10 07:35 AM   #45 
  - It would gain some short time support for Obama ...  spin   Jun-11-10 01:02 PM   #14 
  - I think his threat of not not granting any more permits to BP to drill in our  gateley   Jun-11-10 01:07 PM   #17 
     - Obama can remain cool and still be strong ...  spin   Jun-11-10 01:24 PM   #26 
        - " BP probably realizes that until the leak stops, cleanup will be almost futile "  laughingliberal   Jun-11-10 01:44 PM   #30 
        - I don't think BP considers the wildlife all that important ...  spin   Jun-11-10 01:53 PM   #33 
           - +1 nt  laughingliberal   Jun-11-10 02:05 PM   #34 
        - Yes - we do have to do more about about the prevention/clean up. And you're  gateley   Jun-11-10 03:31 PM   #37 
           - If I was a BP executive involved in covering up this catastrophe ...  spin   Jun-11-10 03:55 PM   #38 
              - I honestly think they've lied themselves into believing that what they're doing is  gateley   Jun-11-10 05:37 PM   #39 
                 - I wonder if this is a contagious disease ...  spin   Jun-11-10 05:48 PM   #40 
                    - I think when you get into that rare atmosphere they inhabit, it's easy to forget  gateley   Jun-11-10 06:32 PM   #42 
  - By taking ownership of the assets in the US, the government could replace the board & execs  Oregone   Jun-11-10 01:06 PM   #16 
  - Well it looks good on paper, I'll have to say that. But Ozymanithrax  gateley   Jun-11-10 01:13 PM   #23 
  - Yeah, totally true.  Oregone   Jun-11-10 01:23 PM   #25 
  - I think that'll happen eventually anyway.  dipsydoodle   Jun-11-10 01:19 PM   #24 
  - Not a damn thAng  uponit7771   Jun-11-10 01:08 PM   #19 
  - We couldn't do it anyway.  Blue-Jay   Jun-11-10 01:10 PM   #20 
  - It would make a lot of furious people happy short term  Warpy   Jun-11-10 01:35 PM   #28 
  - Everything they have within reach is seized and used exclusively for (1) dealing with the crisis and  JackRiddler   Jun-11-10 01:35 PM   #29 
  - It would make some people feel better n/t  doc03   Jun-11-10 01:50 PM   #31 
  - as you can see...  William Z. Foster   Jun-11-10 07:24 PM   #43 
  - + 100  maryf   Jun-11-10 08:02 PM   #44 
  - BP will not be nationalized. Such suggestions are silly and baseless.  TexasObserver   Jun-12-10 07:46 AM   #46 
  - We could liquidate the assets and pay those who have been injured.  DailyGrind51   Jun-12-10 08:33 AM   #47 
  - Piss off the Brits.  Prometheus Bound   Jun-12-10 09:01 AM   #50 
  - It's illegal - impossible for this government to do without violating the law  treestar   Jun-12-10 09:04 AM   #51 
  - BP and big oil are already "nationalized". They are in control.  mmonk   Jun-12-10 09:14 AM   #52 

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