BoatBanter.com - View Single Post

nom=de=plume[_2_]

"BAR" wrote in message
. ..
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.

Verbal agreements aren't worth the paper they're printed on.