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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
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Nickelless
Administrator
USA
5580 Posts |
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aloneibreak
Penny Hoarding Member
USA
672 Posts |
Posted - 06/23/2010 : 20:16:17
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interesting article.
i hadnt seen that site before.
looks like lots of good reading !
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My reading of history convinces me that most bad government results from too much government.
Thomas Jefferson
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aloneibreak
Penny Hoarding Member
USA
672 Posts |
 Posted - 06/23/2010 : 20:17:17
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quote:
Originally posted by Nickelless
And what's even MORE dangerous is that the U.S. president is trying to extort concessions from a British-based company. Gordon Brown must be livid.
ive thought the same thing.
any word coming out of the UK if that is in fact the case ?
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My reading of history convinces me that most bad government results from too much government.
Thomas Jefferson
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 06/23/2010 : 20:46:16
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quote:
Originally posted by beauanderos
You must be logged in to see this link.
I couldn't read it because of a pop up. But if anyone deserves to go belly up then it is BP. They are dragging much of the gulf coast into backruptcy with them. So what are we to do? Bail BP out too? To hell with Big Pig. |
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Think positive. |
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Roadrunner
Penny Collector Member
USA
413 Posts |
Posted - 06/23/2010 : 22:09:47
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| I JUST found this website a few hours ago. No joke. I don't know if it's worse than Lehman, but I do know BP has lots of employees and they probably will go bankrupt. The article I was reading earlier was this one: You must be logged in to see this link. |
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Nickelless
Administrator
USA
5580 Posts |
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stateofmind
Penny Pincher Member
143 Posts |
Posted - 06/23/2010 : 23:08:47
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Interesting link, Chad. If BP does go bankrupt, which I think it will, it will have an impact, but not as large as the bankruptcy of Lehman. Lehman failing was the signal throughout the United States that the bubble was popping, and stocks tumbled, and consequently, fears rose. The sheeple realized that the homes they were buying left and right were overpriced, and that all of the mortages held by banks were essentially worthless.
Whether or not BP will be "bailed out" by either Britain or (cringe) the US, is not yet known. We will see how the cookie crumbles in the upcoming months, I guess. |
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"There are people who are very resourceful, at being remorseful, and who apparently feel that the best way to make friends is to do something terrible and then make amends."
-Ogden Nash |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 06/23/2010 : 23:18:29
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quote:
Originally posted by Nickelless
And what's even MORE dangerous is that the U.S. president is trying to extort concessions from a British-based company. Gordon Brown must be livid.
Gordon Brown is a globalist scum bag who is pushing for carbon taxes, global financial regulation, etc. I'm sure he is elated at this disaster. His glee is most likely enlarged by the fact that the Queen is a major shareholder. Obama is loving this as well - it is not only crippling Red State economies in the South, but it allows him to harm the British who colonized his native Kenya. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 06/24/2010 : 00:07:36
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| Will Britain bail out BP as we did our US banks? |
"May your percentages ever increase!" |
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stateofmind
Penny Pincher Member
143 Posts |
Posted - 06/24/2010 : 07:23:44
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| With what? Wolvesdad? |
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"There are people who are very resourceful, at being remorseful, and who apparently feel that the best way to make friends is to do something terrible and then make amends."
-Ogden Nash |
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AGCoinHunter
Penny Hoarding Member
USA
685 Posts |
Posted - 06/24/2010 : 08:49:36
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quote:
With what? Wolvesdad?
With the same thing they bailed all the banks out with. Money printed out of thin air. They need more money, go print it. Sell a few bonds to China and Japan and go print more. The dollar is a joke and isnt worth crap, only reason its holding up is the Euro is getting hammered daily. |
"All tyranny needs to gain a foothold is for people of good conscience to remain silent."
-Thomas Jefferson
"There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialism—by vote. It is merely the difference between murder and suicide." - Ayn Rand
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mascallw119
New Member
USA
18 Posts |
Posted - 06/26/2010 : 16:16:16
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| Very thought provoking article. It will be interesting to see how all of this plays out. I am quite sure we only know half of the story, if that much, and we know the "facts" but what will definitely be interesting is the "truth." |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 06/26/2010 : 19:01:18
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| I think they will do a GM number split the assets between good and bad and go from there. |
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BP bankruptcy more dangerous than Lehman Brothers?
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