So BP is going to have to raise this money. Give us all a break. What are they going to do, have a garage sale?
They have hundreds of billions of profit just from the last administration and probably have trillions of dollars profit hidden all over the planet, which they have ruined.

As the indigenous people said long ago in America: “After the last tree is cut down(in this case destroyed),all the waters poisoned and the last animal destroyed,only then will you realize you cannot eat money.”

Seems more true than ever before. Thank you BP for destroying Mother Earth.

Ed: BP is not going broke nor is it going to collapse,you still own your car don’t you! This disaster is going to boil down to certain priorities,one being money and profits and the other one the environment;now which one is going to claim
precedence ;should be a no brainer right,just ask the Chicago Boys.

hello. bankruptcy hysteria. guesstimates could push the complete labor losses, environmental and species destruction, and market fluctuation inflation to a $trillion in damages. they hold that much in invested assets now. poor Mel down the street is affiliated through name alone, and he has to change his allegiance, because of boycotts: (boo hoo)as if the price fixing monopoly that runs gasoline prices -matters whose name you display. we all know they control supply by denying deliveries. if you undersell the posted market, suddenly your regular truck delivery is a day late. they have so much wealth, they are worth over $trillion. look at how easy it is to get them to pony up these outrageous figures. and none of the oil barons would bail out the auto industry scam- their own bastard industry. oil barons rule economies, and all our government can judiciously steal from them: is redistributed to different wealthy special interests; but does not harm BipartisanPain. they probably already own where the monies are eventually going, and the only ones getting paid here are the lieyers, and white collar criminal middle persons of interest. this power vacuum of money will be disproportionately redistributed amongst the wealthy, with a small percentage used to pay the little people- business as usual. that’s why a good business degree costs so much; in fertilizing connections; so you can position yourself, to bathe in floods of cash: regardless of the source. our government has to take as much money from this inept company as it can, because what they have done is tragic, and money came to them alike other oil manipulators: under dubious circumstances of fear mongering and cronyism ... their profit margins have been ‘windfall’ since 1962. take the money and move on. 1 $trillion, and make them pay for health care too. and get a percentage of future profits. and have them pay pensions to ruined businesses. and have them pay the increased costs to restaurants for food importation. and make them deliver boat loads of sea life to the Gulf. and if this dispersant contaminates our southeast food supply- let’s sink them. watermelons, tomatoes, oranges, peppers, peanuts, hogs, Brahmas, the milk ...we have a lot of investigating forthcoming. take enough money so their children are still working for us. they are loaded.

You got that right Ed. Let us not forget the $5billion that Exxon skipped out on, from their Valdez drunken rape and pillage of 21 years ago. They were supposed to pay $5BILLION. They paid $5MILLION and the John Roberts court ‘forgave’ the rest just a couple of years ago.

Obama needs to take BP into receivership. I know he wasn’t planning on going into the oil business, just like he wasn’t planning on going into the car business. Doesn’t matter. We gotta do what we gotta do.

This money needs to be seized from BP now.

If we let BP promise the money in stages, it may go bankrupt
before payout, and we’ll never get the cash.

That’s also the problem with the $20 billion Obama supposedly
extracted from BP. It’s to be given over several years, but
at any time the company may go bankrupt, and we’ll never
get that 20 billion.