Thread: OT Get ready the economy is about to tank:(
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[email protected][_2_] norminn@earthlink.net[_2_] is offline
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Default OT Get ready the economy is about to tank:(
wrote:
On May 2, 7:46�pm, Douglas Johnson wrote:
" wrote:
BP will survive in some fashion but they will have to go bankrupt. the
secondary costrs are far beyond any companies ability to pay.
the current stock will be worthless, unless you have the paper share
for fire starting.
Have you read their balance sheet? �Do you know what their cash reserves are? Do
you know their non-cash assets and how much can be liquidated? �Do you know
their borrowing capacity? �

Do you know how much insurance coverage they have? �Do you know their contracts
with the rig operator and how liability is assigned? �Do you know how much
insurance the rig operator has? �Do you know their contracts with the equipment
providers (like the blow out preventor) and how liability is assigned? �

Until you do, you are spewing ignorance. �One thing you can be sure of, a bunch
of lawyers are going to get rich(er). �

-- Doug

wipe out fishing and tourism in the gulf of mexico from mexico to
florida, then around the keys and up the coast carried by the gulf
stream.

then try to clean this all up. mark my words it will bankrupt the
company.

just like a nuke plant accident in us, that releases a lot of
radiation and making a big part of the us not habitable....

will bankrupt whatever power company owns the plant. and do note your
homeownewrs insurance has no coverage for nuke accidents or acts of
war


They have insurance with AIG )
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