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Marini -> RE: A Bailout For BP ?!?!! (6/13/2010 9:07:12 PM)
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quote:
ORIGINAL: RCdc
quote:
ORIGINAL: DarkSteven
WTF? The banks were bailed out when their entire industry went down. BP is the only one hurting; their competitors are doing just fine. If other oil companies bought them in pieces and changed the management style, that would be great. And if BP's stock continues to plummet, not unrealistic. No bailout necessary.
That would be an incorrect assumption.
If BP goes down, so do pensions because they are tied into the shares.
40 % of shares are in USA hands, so that means it affects US economy too.
It's not as simple as 'just a company'.
That said, Boris Johnson doesn't speak for everyone. Personally, I think that the US is correct in dissing BP and the majority of british people I know are angry at BP.
the.dark.
Great post from the.dark one!
[;)]
Thank you for letting us know that many across the pond, are also angry with BP.
If BP goes down, it certainly will affect Americans and the British.
We have got to love this global economy.
We all rise or fall, together.
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