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1776Forever (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 12:56 PM Original message |
BP Bankruptcy in U.K. Is Obama’s Worst Nightmare: Caroline Baum |
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xchrom (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 12:58 PM Response to Original message |
1. recommend |
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DJ13 (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 12:58 PM Response to Original message |
2. We had better stop being so mean then |
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Nihil (1000+ posts) Send PM | Profile | Ignore | Mon Jun-28-10 07:18 AM Response to Reply #2 |
36. Yeah ... |
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louis-t (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 12:59 PM Response to Original message |
3. If BP files bankruptcy, fox will report |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 01:26 PM Response to Reply #3 |
11. Well if you follow |
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SalmonFritters (70 posts) Send PM | Profile | Ignore | Fri Jun-25-10 02:47 PM Response to Reply #11 |
24. It's the equivalent of debtor's prison |
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Gordan Shumway (162 posts) Send PM | Profile | Ignore | Fri Jun-25-10 03:13 PM Response to Reply #24 |
27. The facts are 20 billion |
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villager (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 01:02 PM Response to Original message |
4. Just as long as the little people don't delusionally think bankruptcy protection is for *them!* |
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Hassin Bin Sober (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 01:03 PM Response to Original message |
5. Somebody explain to me how a corporation that nets, what?, 15 billion can file BK? |
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1776Forever (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 01:07 PM Response to Reply #5 |
7. Here you go - It happens! Link and article on Halliburton's bankruptcy plan in 2002....... |
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Hassin Bin Sober (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 01:22 PM Response to Reply #7 |
10. I wonder how safe that 20 billion really is. |
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GOTV (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 01:29 PM Response to Reply #10 |
13. It's not at all safe. It's simply a promise to pay in the future. Very easy to break. |
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closeupready (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 01:31 PM Response to Reply #5 |
14. Right! Things like bonuses and jubilees are for corporations only. |
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postulater (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 01:06 PM Response to Original message |
6. If they're too big to fail, let the British government bail them out. nt |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 01:16 PM Response to Reply #6 |
8. They don't hold BP stock |
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mbperrin (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 02:38 PM Response to Reply #8 |
23. What would due cause be? |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 02:55 PM Response to Reply #23 |
26. It doesn't follow |
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mbperrin (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 05:40 PM Response to Reply #26 |
30. Nobody in the UK works for BP? |
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CountAllVotes (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 01:20 PM Response to Original message |
9. BP bankruptcy = |
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n2doc (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 01:28 PM Response to Original message |
12. If they go bankrupt can we take back all their leases? |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 01:38 PM Response to Reply #12 |
16. Are far as I'm aware |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 01:33 PM Response to Original message |
15. I don't believe this para to be true |
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pattmarty (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 01:39 PM Response to Original message |
17. I believe it's rather easy then, NATIONALIZE American BP assets......... |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 01:44 PM Response to Reply #17 |
18. Good idea |
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pattmarty (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 02:00 PM Response to Reply #18 |
19. I don't know if you're being sarcastic or not, but my point is that.......... |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 02:07 PM Response to Reply #19 |
20. I undertstand what you mean |
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pattmarty (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 02:30 PM Response to Reply #20 |
22. I totally agree. I was stating what I would LIKE TO HAPPEN, not that.......... |
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SalmonFritters (70 posts) Send PM | Profile | Ignore | Fri Jun-25-10 02:52 PM Response to Reply #17 |
25. Exxon is the "old" Standard Oil. BP is the old ... British Petroleum |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 03:26 PM Response to Reply #25 |
29. The UK has no "stake" in BP |
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depakid (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 07:02 PM Response to Reply #29 |
33. Apparently one out of every £6 paid in dividends paid to British citizens comes from BP |
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TexasObserver (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 02:18 PM Response to Original message |
21. BP's assets in the US are subject to US jurisdiction. |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 03:22 PM Response to Reply #21 |
28. Fair comment |
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vaberella (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 05:58 PM Response to Original message |
31. It's everyone's worst nightmare. n/t |
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Elmore Furth (1000+ posts) Send PM | Profile | Ignore | Fri Jun-25-10 06:08 PM Response to Original message |
32. Reuters: "British PM Fears BP's Destruction, Stock Plunges" |
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agentS (922 posts) Send PM | Profile | Ignore | Fri Jun-25-10 09:04 PM Response to Reply #32 |
34. How in the world will the British save BP? |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Sat Jun-26-10 07:40 AM Response to Reply #34 |
35. Its arbitary |
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