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What a self-destructive display of schadenfreude.
If BP does declare bankruptcy, it will be in much worse position to provide funds to cover the clean, restoration, and economic damages due to the oil spill. There are thousands of American citizens who work for BP, and many more whose businesses and livelihoods are dependent upon it. BP's economic collapse is in nobody's interests, except for other large oil companies who salivate over scooping up their assets for pennies on the dollar in a court run dissolution.
What a self-destructive display of schadenfreude.
If BP does declare bankruptcy, it will be in much worse position to provide funds to cover the clean, restoration, and economic damages due to the oil spill. There are thousands of American citizens who work for BP, and many more whose businesses and livelihoods are dependent upon it. BP's economic collapse is in nobody's interests, except for other large oil companies who salivate over scooping up their assets for pennies on the dollar in a court run dissolution.
What a self-destructive display of schadenfreude.
If BP does declare bankruptcy, it will be in much worse position to provide funds to cover the clean, restoration, and economic damages due to the oil spill. There are thousands of American citizens who work for BP, and many more whose businesses and livelihoods are dependent upon it. BP's economic collapse is in nobody's interests, except for other large oil companies who salivate over scooping up their assets for pennies on the dollar in a court run dissolution.
A stock price of $0 doesn't necesarily mean the company is bankrupt. It depends on how much of their own stock they hold, and if there are loans against it.
Secondly, even if BP goes out of business, we still need oil. The unemployed BP workers can get jobs with the other oil companies who will swoop in a buy BP's assets. Oil doesn't drill itself out of the ground
It's the shareholders who will take haircut.
What a self-destructive display of schadenfreude.
If BP does declare bankruptcy, it will be in much worse position to provide funds to cover the clean, restoration, and economic damages due to the oil spill. There are thousands of American citizens who work for BP, and many more whose businesses and livelihoods are dependent upon it. BP's economic collapse is in nobody's interests, except for other large oil companies who salivate over scooping up their assets for pennies on the dollar in a court run dissolution.
A stock price of $0 doesn't necesarily mean the company is bankrupt. It depends on how much of their own stock they hold, and if there are loans against it.
Secondly, even if BP goes out of business, we still need oil. The unemployed BP workers can get jobs with the other oil companies who will swoop in a buy BP's assets. Oil doesn't drill itself out of the ground
It's the shareholders who will take haircut.
well, fuck those shareholders right. I mean let's go get BP.
If BP's stock price is dropping that much, Id consider investing.
Seriously, how exactly are they supposed to clean up the oil spill if they have no money people? I know you guys like punishing people arbitrarily but think about this alittle.
What a self-destructive display of schadenfreude.
If BP does declare bankruptcy, it will be in much worse position to provide funds to cover the clean, restoration, and economic damages due to the oil spill. There are thousands of American citizens who work for BP, and many more whose businesses and livelihoods are dependent upon it. BP's economic collapse is in nobody's interests, except for other large oil companies who salivate over scooping up their assets for pennies on the dollar in a court run dissolution.
No shit I was thinking the exact same thing . More proof that people are stupid.
Kind of like idiots who say, well I'm going to buy a new car but it damn sure aint gonna be a GM since they took government money moron the more cars GM sells the faster they can pay us back LOL
What a self-destructive display of schadenfreude.
If BP does declare bankruptcy, it will be in much worse position to provide funds to cover the clean, restoration, and economic damages due to the oil spill. There are thousands of American citizens who work for BP, and many more whose businesses and livelihoods are dependent upon it. BP's economic collapse is in nobody's interests, except for other large oil companies who salivate over scooping up their assets for pennies on the dollar in a court run dissolution.
What a self-destructive display of schadenfreude.
If BP does declare bankruptcy, it will be in much worse position to provide funds to cover the clean, restoration, and economic damages due to the oil spill. There are thousands of American citizens who work for BP, and many more whose businesses and livelihoods are dependent upon it. BP's economic collapse is in nobody's interests, except for other large oil companies who salivate over scooping up their assets for pennies on the dollar in a court run dissolution.
isn't that how it capitalism is supposed to work? company X fucks up, goes out of business and then other companies buy up their profitable portions and retain many of the existing employees? isn't that ho aig, etc should have been handled?
What a self-destructive display of schadenfreude.
If BP does declare bankruptcy, it will be in much worse position to provide funds to cover the clean, restoration, and economic damages due to the oil spill. There are thousands of American citizens who work for BP, and many more whose businesses and livelihoods are dependent upon it. BP's economic collapse is in nobody's interests, except for other large oil companies who salivate over scooping up their assets for pennies on the dollar in a court run dissolution.
A stock price of $0 doesn't necesarily mean the company is bankrupt. It depends on how much of their own stock they hold, and if there are loans against it.
Secondly, even if BP goes out of business, we still need oil. The unemployed BP workers can get jobs with the other oil companies who will swoop in a buy BP's assets. Oil doesn't drill itself out of the ground
It's the shareholders who will take haircut.
well, fuck those shareholders right. I mean let's go get BP.
What a self-destructive display of schadenfreude.
If BP does declare bankruptcy, it will be in much worse position to provide funds to cover the clean, restoration, and economic damages due to the oil spill. There are thousands of American citizens who work for BP, and many more whose businesses and livelihoods are dependent upon it. BP's economic collapse is in nobody's interests, except for other large oil companies who salivate over scooping up their assets for pennies on the dollar in a court run dissolution.
isn't that how it capitalism is supposed to work? company X fucks up, goes out of business and then other companies buy up their profitable portions and retain many of the existing employees? isn't that ho aig, etc should have been handled?
Do you really think companies are going to line up to buy BP right now with the huge liability which they, rightfully, have hanging over them right now?
Yes. Capitalism does involve destruction as well as creation. That's perfectly natural.
What I'm objecting to is the hastening and/or manufacturing of that condition by the government - and the hypocrisy of those who don't understand how destructive their failure would be at this particular time. It's nothing to cheer on, unless one is a masochistic sadist.
Yes. Capitalism does involve destruction as well as creation. That's perfectly natural.
What I'm objecting to is the hastening and/or manufacturing of that condition by the government - and the hypocrisy of those who don't understand how destructive their failure would be at this particular time. It's nothing to cheer on, unless one is a masochistic sadist.
the government didn't force BP to perform sub par work leading to the disaster. and again, bp going otu of business would hurt for a little bit but much of their assessts and resources would be bought up by other businesses
Yes. Capitalism does involve destruction as well as creation. That's perfectly natural.
What I'm objecting to is the hastening and/or manufacturing of that condition by the government - and the hypocrisy of those who don't understand how destructive their failure would be at this particular time. It's nothing to cheer on, unless one is a masochistic sadist.
the government didn't force BP to perform sub par work leading to the disaster. and again, bp going otu of business would hurt for a little bit but much of their assessts and resources would be bought up by other businesses
Hurt whom for this "little bit" ?