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To: Madharry who wrote (38275)6/12/2010 1:49:12 AM
From: Spekulatius  Respond to of 79058
 
re BP, GS - I agree on BP, sort of. i raised the possibility that BP may declare a bankruptcy fo their US subsidy as well on another board. I think it is a possibility and would entail approx. 35% of BP's assets. Painful for BP for sure but sometimes one needs to chop and arm and a leg off to let the body survive.

I don't want to overplay the GS and BP analogy but my point is that it's very dangerous to be in the firing line. This game is played by Calvinball rules.

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