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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: ABQHispConservative
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?

I'm sure that and a legion of other devils are at least hinted to in the fine print. But my gut is that, as with all government "deals," it's completely open ended in favor of the state.

4 posted on 06/16/2010 4:34:27 PM PDT by the invisib1e hand (we shall overcome a generation of affirmative action.)
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To: ABQHispConservative

Good question, no telling what the actual deal is. The bigger problem is with this chunk of cash being frozen how will BP afford to continue to spend big bucks to cap the well, remember it’s not capped yet.


12 posted on 06/16/2010 4:43:21 PM PDT by WHBates
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To: ABQHispConservative
It's not a cap...

20 Bil: I think we're gonna see how "skimmers" work...

16 posted on 06/16/2010 4:52:11 PM PDT by Sacajaweau (What)
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