The Brits still think we are being too tough on BP:
The crisis engulfing BP has plumbed new depths as President Obama bullied the company into depositing £13.5billion into a fund to settle compensation claims for the calamitous Gulf of Mexico oil spill.
Bullied? Sorry, but BP has been doing the bullying by giving victims of this disaster an uncertain claims process. These are people who are losing everything because of BP.
But what it all boils down to is money:
BP has cancelled the first-quarter payment that was due on June 21. Mr Svanberg said the second and third quarter dividends would be suspended – a major blow for Britain’s pension funds.
We got families starving because of this and Britain is worried that their pensions might be hit a little bit. So what? That money in your pension is there because of the U.S. BP made money from this site and they screwed it up. If you want to blame someone then blame BP, but you won’t because you are such little corporate whores.
And speaking of money, who really gets hit the hardest?
The move will also hit American investors. While 40 per cent of BP’s major shareholders are in Britain, Americans have a 39 per cent stake in the multi-national company.
BP also reportedly has twice as many American as British employees.
It looks like the damage is pretty evenly split. Americans are feeling this also in their portfolios and 401k’s. So Britain, please stop acting like you are the only victim here. As I’ve said, we also got tons of people out of work over this. We have a whole region of this country devastated and numerous industries on the brink.
I’m sorry, but the Brits are looking like a bunch of whining babies here. Their pensions have been paid for in a large part by Americans. This is also a problem with the “global economy” and maybe it’s time we look at changing that. If Britain wants to keep up their bitching and complaining, then maybe Congress should work to force BP to either split into two units by nationality or get rid of them all together. What do you think of that Britain? It’s our environment getting destroyed here, so excuse me for saying “go fuck yourself”. You should have thought about the consequences of putting all your eggs in one basket long before this happened.