MSNBC saying BP is expected to announce record Losses!

[Motown_Johnny]

not much more information than that but it made me smile.

[Cassandra]

1. The better to avoid...

paying for the cleanup, my dear? I don't mind them having losses; just wondering if they're real or not.

[Motown_Johnny]

2. they need to put up that 20 Billion (over the next 4 years)

Unless they have a plan to get out of that one I don't see how it helps them to announce losses

[hatrack]

3. Then will come bankruptcy rumors, allowing Goldman Sachs to do massive leveraged shorts on BP stock

Then, Mission Accomplished, they can turn out their pockets, sob that they "just can't pay" and allow themselves to get snapped up at bargain prices while their executives jump from the plane, golden parachutes securely buckled in place.

[Romulox]

4. Unrec. This is "Haven't they suffered ENOUGH?" pt. II.

"Feinberg Refuses to Ask Financial Firms to Return Payouts"

http://www.associatedcontent.com/article/5616304/feinberg_refuses_to_ask_financial_firms.html?cat=3

Feinberg's next task is to molly-coddle BP and their phoney-baloney escrow fund. :hi:

[Dreamer Tatum]

5. I take it you don't feed your children with a BP paycheck. nt

[EstimatedProphet]

7. I think BP is probably big enough to take the hit for their actions.

[Romulox]

10. "I have a family to feed!"

:silly: :eyes: :hi: :rofl:

On October 31, 2004, the Minnesota Timberwolves offered Sprewell a 3-year, $21 million contract extension, substantially less than what his then-current contract paid him. Insulted, he publicly vented his outrage, declaring, "I have a family to feed." He declined the extension, and, having once more drawn the ire of fans and sports media, had the worst season of his career in the final year of his contract. In the summer of 2005, the Nuggets, Cavs, and Rockets all expressed interest in signing Latrell Sprewell, however, none of those teams could reach an agreement with Sprewell.

One month into the 2005-06 season and without a contract, Sprewell's agent, Bob Gist, said his client would rather retire than play for the NBA minimum salary, telling Sports Illustrated, "Latrell doesn't need the money that badly. To go from being offered $7 million to taking $1 million, that would be a slap in the face." Several days later, Gist said that Sprewell planned to wait until "teams get desperate" around the trade deadline in February, and then sign with a contending team (an eventuality that never materialized). Gist said that Sprewell would not be interested in signing for any team's $5 million mid-level exception, calling that amount "a level beneath which would not stoop or kneel!"

In March 2006, Sprewell was offered contracts by the Dallas Mavericks and San Antonio Spurs, both of whom were considered at the time to be strong favorites to win the NBA Championship; however, when contacted by these teams, Sprewell failed to respond with an answer to whether he would sign with them. As a result, the Mavericks and Spurs were no longer pursuing him, and he remained a free agent as the season came to a close. There was also some interest in Sprewell by the Los Angeles Lakers at the beginning of the 2005-2006 season, but a disagreement in the contract offer resulted in a failure to reach a deal.

http://en.wikipedia.org/wiki/Latrell_Sprewell

[Dreamer Tatum]

11. So everyone at BP makes $7MM per year? Wow.

Interesting world you live in.

[Motown_Johnny]

13. go to this link and tell me they can't afford to pay you

http://www.bp.com/liveassets/bp_internet/globalbp/STAGING/global_assets/downloads/B/bp_fourth_quarter_and_full_year_2009_results.pdf

Notice that those profits are in millions of dollars. 4th quarter alone was 4,295 Million Dollars.


I wish only the best for you and your family but since we are in a capitalist society we vote with our dollars. BP deserves punishment for their actions. If the boycott of BP stations have contributed to this loss it is a good thing for all of us.

[AlabamaLibrul]

6. And yet there is still no "record gain" for those affected down here on the Gulf. (eom)

[lame54]

8. Bp - This songs for you...

:nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity:

[Whoa_Nelly]

9. That would explain why BP has stalled so long over paying for anything

It does take a while to get the creative accounting done and hide the bodies :sarcasm:

[n2doc]

12. From what?

They apparently haven't paid one cent into their "escrow account". They haven't been fined. They continue to sell oil from their other operations.

I smell a very oily rat......