Thread: Stupid is as stupid does...
View Single Post
  #85   Report Post  
posted to rec.boats
BAR[_2_] BAR[_2_] is offline
external usenet poster
  
First recorded activity by BoatBanter: Jun 2008
Posts: 5,868
Default Stupid is as stupid does...
In article ,
says...

On Sun, 20 Jun 2010 08:35:41 -0400, Harry
wrote:

Getting $20 billion for an escrow account
was pretty spiffy..

Bear in mind, they don't actually have the $20B. It is a commitment
structured over 4 years.
If BP goes belly up, who knows how much that will really be there.
That was what they were talking about on MTP today

The real question is if it is a legally enforceable contract or was it
just a verbal agreement.
Reply With QuoteReply With Quote