OT: Obama stops oil leak in Gulf. BP staff grateful.

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If you think that, you didn't read it or you have a serious comprehension problem.
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There IS a loss. BIGTIME!
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No, there isn't. Yet.
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Got your head firmly planted somewhere, if you really think there has been no loss.
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If everyone is made whole, no.
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But they are not and are unlikely to be made whole for decades.
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Steve wrote:

Technically, the President of the US had absolutely no legal authority to impose an escrow, fine, or judgment.
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There is never a situation where having more rounds is a disadvantage

Rob Leatham
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said:

And he didn't.
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Ok, try this: the President has no Constitutional extortion authority.
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And he didn't extort.
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Lobby Dosser wrote:

Uh, yeah, right. He just invited the BP CEO over to the White House for a beer, a few drinks with Eric Holder, some nice discussions and made the CEO an offer he couldn't refuse.
Please, even an Obama apologist can't be this dense or ignorant of "the Chicago way"
--

There is never a situation where having more rounds is a disadvantage

Rob Leatham
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Pretty much what happened. The Prez had to do something to look like he is in power and control. BP had to do something to counteract bad publicity. They know it will be far more than the $20B in the end. Now it looks as both really care. They probably played 9 holes after and had lunch.
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wrote

Exactly. No extortion at all. You scratch my back, I'll scratch yours.
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Yeah, Right! I detest the man and can't wait until he's out of office, but making up shit is counter productive. Just as it was when W was in office.
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Lobby Dosser wrote:

Making up what? You think that any CEO would just walk into the White House, drop $20B of their own free will? Money which they have fiduciary responsibility to utilize for the benefit of the corporation?
This isn't just making stuff up or a small matter. This is an example of a president far exceeding his constitutional authority by assessing, gaining, receiving, whatever you want to call it -- a fine against a company and essentially assuming sole authority over the disbursement of those funds at his discretion. The so-called "independent" agent to oversee disbursement of those funds is none other than his pay czar, Ken Feinberg, someone appointed by the President but who was never confirmed by the Senate. Yet he is given sole authority to disburse $20B in whatever manner he sees fit, with no rules or guidance or even oversight. Don't you think that if Bush had done something like this the libs in Congress (and even members of his own party) would be screaming to the high heavens about lack of accountability, no authority, etc? You don't think Feinberg might be just a teeny bit beholden to Obama and maybe disbursing those funds in a manner favorable to him and his party? We'll never know, because no oversight or other mechanisms are built into this escrow account deal.
On the flip side, what did BP gain from this? You don't think they just dropped $20B and walked away empty handed? At a minimum, they had to have gotten some assurance of lack of prosecution or some sort of clemency.
People were screaming to high heaven when the Bush administration was just monitoring phone calls to countries that harbor terrorists. But acting as legislature, judge, jury, and rendering judgment in this case is OK?
--

There is never a situation where having more rounds is a disadvantage

Rob Leatham
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Yep and that's EXACTLY what he did.
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Lobby Dosser wrote:

If that is the case, the Board of Directors and the stockholder of BP should be screaming bloody murder and oust the guy. Company assets are not a stash of walking around money for the CEO to dole out has he pleases.
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There is never a situation where having more rounds is a disadvantage

Rob Leatham
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I suspect the BOD is relieved they got off that light. Though the meetings must have been interesting.
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om>

You mean "light" in that they're not charged with "conspiracy" or "RICO". Yet.
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You mean "light" in that they're not charged with "conspiracy" or "RICO". Yet.
------------------------------------------------------------------------------------- But the co-operation will help when it comes to deciding what, if any, charges are filed. The entire exercise was PR for both the WH and BP and likely agreed to prior to the official meeting.
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