Wednesday, June 16, 2010

The BP share price stabilization program

All the big talk from Obama and what he comes up with is a method to keep BP shareholders from panicking, complete with an easy payment plan. I don't think BP comes into the White House carrying suitcases full of cash - that kind of thing is limited to Jewish billionaires. Obama so naturally embodies the ethos of mega-capitalists that he can't help himself from deferring to them.

Meanwhile, there is increasing speculation that BP may have permanently damaged the bottom of the ocean, leaving an irreparable hole for the oil to pour out of for decades (the relief wells won't help). Their efforts at pretending to be doing something may have made things worse.
blog comments powered by Disqus