Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (251158)	6/1/2010 10:37:51 AM
From: ChanceIs	Read Replies (1) \| Respond to of 306849

>>>roughly $45 billion has been taken off BP's valuation due to the spill..<<< Gee whiz guys. Have you ever heard of risk management? Like....ummmm....What is the cost/benefit here. The known: $1 million/day for the rig until you know that the well is done correctly...two weeks or $14 million worst case. The unknown:a clusterf&^k and growing at $45 billion. Bad choice. Baaaaaad choice. Cowboys in top management shooting from the hip. New CEO by Friday. The international/British aspect of BP makes things quite complicated. I mentioned earlier that we can beat up on them because they don't contribute as much as banks. What I failed to consider is that as a foreign corporation, they probably aren't allowed to buy any Senators and Congressman at all. And probably not an AG, but I am sure that a retirement villa in Bermuda could be arranged. Bubba Clinton is always available to broker such under the table arrangements. Seriously. Do we care if we trash BP??? We certainly deliberately trashed Toyota. If we trash BP, it just means more for Americans. Of course Hugo Chavez employs this approach, and it hasn't worked out so well. But he ad no excuse like an environmental catastrophe.