Think about this for a minute. Just suppose that BP was unable to stop the leak, and their stock continued to slide until they were forced into bankruptcy. Keep in mind that BP has lost about half of it's stock value since the explosion. Their stock was down about another 5 percent today.
Who would end up having to pay for the clean up and compensation costs if BP goes under? That's right, the american taxpayer.
That is why BP was pressured into creating that fund.
Re: so BP 'f'd' up......buuuut
Member #: 10075
Registered: 1996-2001
Posted:
416
Name:
Dale
Occupation:
Project Manager/Sweep Technician
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