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The Silver Surfer #4, May 1969

167
goddamnedfrank6/18/2010 5:34:01 pm PDT

re: #157 Gus 802

I don’t see BP kicking and screaming. In the long run this may also prove beneficial to BP’s survival. No noticeable shock in their stock price either. Down 47% from April 20th but now the shareholders are looking at a concrete plan which includes this escrow fund. If this WSJ is correct they will be paying the 20 billion out over the course of 3 1/2 years or 5.71 billion per year. I’m rather certain they’ll be able to handle that.

For perspective, $20 Billion represents less than one year’s worth of profit for BP.