dteowner
Shoegazer
Which would put this discussion in a completely different thread...
I don't doubt there's some serious horsetrading going on. That number ($20b) just kinda popped up out of nowhere at the last second, so I have absolutely no doubt that there were "prior discussions and understandings" involved to get to it. BP isn't going to hand out $20b without some unpleasant discussions. For that matter, even the chairman cannot authorize that sort of loot without the approval of the entire board of directors. That had to be in place before they ever visited the White House.
Unless that number happened to be the limit of their corporate liability insurance policy... (which means no money out of BP's pocket, and wouldn't it just be a pisser if their insurance was thru AIG, currently majority owned and controlled by the US government via the bailout)
I don't doubt there's some serious horsetrading going on. That number ($20b) just kinda popped up out of nowhere at the last second, so I have absolutely no doubt that there were "prior discussions and understandings" involved to get to it. BP isn't going to hand out $20b without some unpleasant discussions. For that matter, even the chairman cannot authorize that sort of loot without the approval of the entire board of directors. That had to be in place before they ever visited the White House.
Unless that number happened to be the limit of their corporate liability insurance policy... (which means no money out of BP's pocket, and wouldn't it just be a pisser if their insurance was thru AIG, currently majority owned and controlled by the US government via the bailout)