Matt Simmons Predicts Government will Bankrupt BP

Quote by Matt Simmons:

(at 5:40) "I think the Government, you will find, is going to take all their cash."



If government takes all of BPs cash, they IMO they are busted and bankrupt.

Disclaimer: I own no stock or interest in the shares or derivatives of BP. I am not a financial consultant.

Not a bad idea. Cash and oil I hope. The only problem is them trying to make sure that the U.S. population sees no benefit from the bounty.

I dont see BP going bankrupt
but I do see a hostile takeover
about to happen.

Matter of fact I predicted it
over a month ago on another
thread.

Look for it when BP's stock hits
lower than $25 a share.

The buzzards are circling now
with talons clinched.



[edit on 15-6-2010 by boondock-saint]