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Reason for token cleanup effort by BP
Posted on 6/4/10 at 4:33 pm
Posted on 6/4/10 at 4:33 pm
If this thing runs unchecked into August or later I think BP will more than likely be forced into filing for bankruptcy I believe the reason we're not seeing any significant outlay for cleanup efforts is because they are waiting to until they can get accurate loss estimates. We all know that'll happen if and when the well gets capped. From BP's perspective, why start writing checks now if chapter 11 is inevitible? I wouldn't be a bit suprised if the government is supporting this approach. They don't want all of BP's assets going to one state now when it's possible the claims will be just as large from several other states.
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