Only if BP acquiesces. I don't think that's a done deal, after the entire world saw how he treated Chrysler's and GM's bond holders.
“You do realize he just nationalized them, right?
—Only if BP acquiesces. I don’t think that’s a done deal, after the entire world saw how he treated Chrysler’s and GM’s bond holders.”
I don’t know what to think of this, honestly. BP seems somewhat hesitant, and yet they’ve had a hand in so much lobbying for Zero’s goals.
What *did* get my attention was when they started using the term “escrow account” this week - an escrow account, of course, was the same thing the administration used to make GM look like it was “doing really well” and “successfully paying off its loans”, when in fact it was just a sleight of hand using other Gov money.