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posted to rec.boats
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First recorded activity by BoatBanter: Apr 2010
Posts: 3,578
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wonderful
wrote in message
...
On Mon, 19 Jul 2010 20:16:45 -0400, Harry ?
wrote:
It's important to keep in mind that BP's interests are opposite those of
the citizens of hte United States. BP wants to protect its stock price
and its stockholders. It has from the beginning and even now kept
information from the government. Virtually nothing BP says should be
accepted as "the truth."
I really think BP USA will be bankrupt from this. It is the soundest
business decision they could make. They are compartmentalized to the
point that BP Mexico and BP Canada would be isolated from the damage
and the other operations around the world would be totally immune.
The only question will be how many assets they can spirit away before
the walls come down.
This might also be some kind of takeover where the incoming company
negotiates a top limit on the liability they are taking on.
I never underestimate the ability of corporate lawyers to get their
clients off the hook and shed liabilities..
Thanks I think. 
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