Sunday, June 13, 2010

BP: Too Big to Bail, Too Big to Fail?

With damages to the Gulf area and surrounding ecosystems and the impact on people's livelihood estimated to be over ONE TRILLION DOLLARS, will BP get the same luxurious treatment afforded those Wall Street Banks we just had to bail out?
BP seeks to limit liabilities in “truce” with White House

Next week BP CEO Tony Hayward and chairman Carl-Henric Svanberg will meet with President Obama in the White House. The meeting will be aimed at forging an agreement between BP and the administration to limit potential liabilities.
BP will write a lot, if not most of the bills they are incurring from the Gulf disaster off as a business expense and deduct it from the money owed to the Rothschild Collection Agency, AKA the IRS.

Guess who will pick up the slack?

And what if BP declares bankruptcy? Guess who will pick up the pieces?

FLASHBACK:Remember Candidate Obama promising to roll back those sweetheart tax cut deals the Bush-Cheney Mob gave to Big Oil?

Congress is already working on ways to use our tax money to pay for this oceans killer and to help BP dodge the costs, like Rep. Roy Blunt's HR 5356, assisted by Louisiana Senator Vitter, he who likes prostitutes to dress him up in diapers, is working furiously to cap BP's limit.

Did widdle Davy make a mess in his DEPENDS, similar to the smelly mess BP has discharged into the Gulf? And who paid for those specialized hookers?

The Oil Spill Liability Trust Fund, (a tax paid at the wellhead by the oil companies and passed onto consumers) like the Highway Trust Fund, has already been looted from within and spent on the 'Wars for Wall Street and Israel,' so someone's gonna have to pay and guess what that means?

Senate blocks raising BP's liability costs to Gulf oil spill.

BP plans to dodge any serious payments for its Gulf Disaster and Obama says "Right On"

While everyone has been venting their spleen against BP's CEO, Tony Haywire, BP's Chairman, Carl-Henric Svanberg has slipped by unnoticed. Carl was hired by BP back in June 2009 and before that, was CEO of Swedish telecommunications giant Ericsson and had made the comment that his company needed to invest more and more money into Apartheid Israel.
Obama is Top Recipient of Political Cash from BP, Goldman Sachs, Defense Contractors, Pharma

Politico reports:

BP and its employees have given more than $3.5 million to federal candidates over the past 20 years, with the largest chunk of their money going to Obama, according to the Center for Responsive Politics.
Obama apparently also got more contributions from Exxon and Chevron than McCain.

Obama had the most political contributions from Goldman Sachs in 2008 of all senators. And Goldman gave more to Obama than any other presidential candidate, and was Obama's second-largest contributor.

In addition, Obama was the top congressional recipient of defense industry contributions for the 2008 election cycle. Obama was also the top recipient of money from the healthcare giants in the presidential election.

Now about those offshore Cayman Islands accounts.....

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