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the rest of the story.
1 posted on 06/16/2010 4:31:51 PM PDT by the invisib1e hand
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To: the invisib1e hand

40% of their dividends are owed to US citizens.


2 posted on 06/16/2010 4:33:05 PM PDT by Carley (For those who fought for it, freedom has a flavor the protected will never know.)
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To: the invisib1e hand

I’m curious, would this fund be the cap on liability for BP? If so, and if the damages exceed the 20 billion, who would pay the balance?


3 posted on 06/16/2010 4:33:07 PM PDT by ABQHispConservative (November, here we come!)
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To: the invisib1e hand

So they didn’t discuss plans to plug the damn hole?


6 posted on 06/16/2010 4:35:31 PM PDT by jerri (Is it over yet?)
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To: the invisib1e hand

If BP goes TU, then what?


7 posted on 06/16/2010 4:37:01 PM PDT by Spok (Free Range Republican)
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To: the invisib1e hand

With Feinberg at the helm of the escrow account, what do you expect? What’s $20 billion when you can pocket much more? I’m so glad that this escrow account will be handled by someone so qualified. “Feinberg”? HELLO?


8 posted on 06/16/2010 4:39:16 PM PDT by hkp123
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To: the invisib1e hand

This is bs. The money BP will make is for slush funds to pay for Obama’s friends or whatever like Hammas and BP knows it. Don’t you just love this little shell game they play for us

Like some of the CEOs today who are professional CEOs going from company to company not even knowing about the product. Like GM. They are chosen mainly because they know international law.


9 posted on 06/16/2010 4:39:17 PM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: the invisib1e hand
Halting the $10 billion-a-year dividend, reducing investments in drilling and selling oil and gas fields

Halting the $10 billion-a-year dividend,
reducing taxable income by ten billion --putting "folks" in hardship, impeding economic activity further, cutting tax revenues...

reducing investments in drilling
tightening supplies of the key commodity, reducing economic activity further, boosting the size of the pie for hostile states

and selling oil and gas fields
see above; sweetheart deals likely.

10 posted on 06/16/2010 4:39:59 PM PDT by the invisib1e hand (we shall overcome a generation of affirmative action.)
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To: the invisib1e hand

Extortion is a criminal offense, which occurs when a person either obtains money ,property or services from another through coercion or intimidation ...


13 posted on 06/16/2010 4:43:27 PM PDT by EBH (Our First Right...."it is the Right of the People to alter or to abolish it,")
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To: the invisib1e hand
Lets hope they suspend for quite a while.

With the increase from 15% to your current marginal rate plus the 3.9% medicare tax, Obozo will lose a boatload in tax money from BP's dividend recipients.

15 posted on 06/16/2010 4:45:23 PM PDT by taildragger ((Palin / Mulally 2012 ))
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To: the invisib1e hand
Why cash flow is such an important number.
17 posted on 06/16/2010 4:54:13 PM PDT by Glenn (iamtheresistance.org)
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To: the invisib1e hand

Banking

Finance

Auto

Medical

Insurance

Oil

Gulf Coast fishing and Tourism

Sights on all energy sectors.

How many American industries can one administration WRECK in under 2 years?

Whose industry will the Øbama wheel of misfortune land on next?

How many will it take before we oust this free-market death machine?


20 posted on 06/16/2010 5:42:01 PM PDT by TruthHound ("He who does not punish evil commands it to be done." --Leonardo da Vinci)
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To: All
Here's the full text of President Obama's speech about the BP disaster/gusher in the Gulf of Mexico ... from a FReeper thread ...

Obama's Remarks To Nation On Oil Spill [Full Text]

Also the Wednesday, 6/16/2010 Speech after the BP Meeting ...

Statement by the President After Meeting with BP Executives [Full Text]


23 posted on 06/16/2010 6:16:46 PM PDT by Star Traveler (Remember to keep the Messiah of Israel in the One-World Government that we look forward to coming)
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