re: #351 Bagua

BP to raise $50 billion for oil spill costs

Note, suspending dividends will cause another institutional sell off, as many funds are required to have the money in dividend producing stocks.

Share price is down to 357.45 pense, and this move removes about 1 out of every 6 pounds in income for British pensioners. The damage to US investors with IRAs, Mutual Funds and Pensions is larger in absolute dollars, but more spread out.

Well, in that case. BP should apologize to themselves!

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