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It is a bizarre spectacle watching neocons defending all things BP

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losturmarbles
how about MORE ridiculous strawman arguments.

funny how the OP was complaining about "partisan" politics but essentially made it a partisan complaint by blaming the republicans. you seem to follow that train of thought.
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No. What you fail to comprehend is that no matter what Obama would have done, the Republicans would have criticized him for it. This is BY FAR the best course of action so that taxpayers don't have to front the bill.
 
losturmarbles
i don't follow :clueless:

BP had a claims process already set up.

I guess you're talking about lawsuits? so now you're saying that since the courts decide the outcome of the lawsuits, that the president should just speed up that process and eliminate the courts altogether by deciding himself?
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No. What you apparently fail to understand is that people out of work need immediate assistance. They can't wait for a settlement. That's precisely what this fund does. Otherwise, the government would have been handling even more unemployment claims, etc.
 
Robyn
Question. Would BP be able to file bankruptcy before processing all legitimate claims?
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Yes but that won't happen.

20four7
Yes, but as they are a profitable company won't happen..... I am waiting for more crap to come and hope to buy shares at 30 or less.
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That won't happen either.

I have a couple friends in finance and have told me that they have retained a consulting company that specializes in restructuring and/or selling. I am not sure if this is necessarily public knowledge but is pretty well known around the finance industry. My guess is that they will be sold to Exxon Mobil or one of the other big oil and gas players.
 
AMBy
Yes but that won't happen.



That won't happen either.

I have a couple friends in finance and have told me that they have retained a consulting company that specializes in restructuring and/or selling. I am not sure if this is necessarily public knowledge but is pretty well known around the finance industry. My guess is that they will be sold to Exxon Mobil or one of the other big oil and gas players.
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A stock buyout doesn't absolve them of their debts. Whoever purchases the shares would still be responsible for the debt.
 
Robyn
Question. Would BP be able to file bankruptcy before processing all legitimate claims?
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the only reason BP would file bankruptcy would be because of the cost of compensating the people and businesses it hurt.

if you're suggesting that BP would file bankruptcy as a method to avoid their obligation, then that's ridiculous. That only works for individuals that either have nothing to get a judgment against or aren't worth the creditor's time to pursue. neither of which BP would be.

however i could conceive a scenario were Obama decides rather than let them go through bankruptcy, to "bail them out" and then the government becomes majority owner of BP like it did with GM.
 
losturmarbles
the only reason BP would file bankruptcy would be because of the cost of compensating the people and businesses it hurt.

if you're suggesting that BP would file bankruptcy as a method to avoid their obligation, then that's ridiculous. That only works for individuals that either have nothing to get a judgment against or aren't worth the creditor's time to pursue. neither of which BP would be.

however i could conceive a scenario were Obama decides rather than let them go through bankruptcy, to "bail them out" and then the government becomes majority owner of BP like it did with GM.
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Why do the Neocons always forget that the Republicans and Bush, in particular, were the ones to initiate the bailouts?
 
MonkeyF0cker
Why do the Neocons always forget that the Republicans and Bush, in particular, were the ones to initiate the bailouts?
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funny, i thought you were trying to look out for the tax payers. what a joke. you champion policy that subverts the rule of law and then want to blame Republicans and Bush for Obama's failures.

So to be clear, are you for or against bailouts? because in one post your argument is to protect the tax payers from an unneeded burden, then the next you seem to condone government bailouts.
 
losturmarbles
funny, i thought you were trying to look out for the tax payers. what a joke. you champion policy that subverts the rule of law and then want to blame Republicans and Bush for Obama's failures.

So to be clear, are you for or against bailouts? because in one post your argument is to protect the tax payers from an unneeded burden, then the next you seem to condone government bailouts.
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Once again, how does settling out of court subvert the law? I am against bailouts and I'm not sure how that applies here other than some ridiculous inference that you made.
 
losturmarbles
really? how so? thanks for your brilliant insight.
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Has America gone that partisan that certain people must be on the opposite team no matter what the issue?
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The above quote is the spirit of this thread. I love capitalism and I love guns. I don't fit the profile of the liberals which you describe but fiveteamer is absolutely correct when he states that America has gone completely partisan no matter what the issue.
 
MonkeyF0cker
Once again, how does settling out of court subvert the law?
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once again, this ISN'T settling out of court. so stop saying that it is. First you say this is a out of court settlement, then you say they're still liable for lawsuits, and then say they're settling out of court. you're continuing to contradict yourself.

Obama doesn't have the authority to "inform" BP's CEO that he "is to" create an escrow account for the government to payout claims with.

MonkeyF0cker
I am against bailouts and I'm not sure how that applies here other than some ridiculous inference that you made.
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it applies to your consistency. I made that obvious in my query.

I'm not sure how Bush applies, or guessing how Republicans would respond to whatever actions are or are not taken, but that doesn't stop you from injecting it into every other post.
 
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