Vitter Pushes for BP Bailout Bill in Senate

  • Thread starter Thread starter Charliesc
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Bob Casey of PA is pushing for a $165 Billion bailout out of union pension funds.

http://www.foxbusiness.com/personal-finance/2010/05/24/lawmaker-introduces-b-union-pension-bailout/
 
No, I mean the "full responsibility of costs and damages your negligence caused, plus a fine of your last quarter's profits".

Alaska's still fucked up from the Valdez spill 21 years ago. Louisiana's coast is more fragile and supports way more industry than Prince William Sound ever will.

And I'm not seeing the connection between being liable for a major environmental disaster caused by negligence being comparable to the liability a TV repair shop would have for an accident.

But feel free to continue your paranoia. It's entertaining.
 
If I as a private citizen change the oil in my car and dump it into Florida Bay, I face a fine of up to $10,000 plus jail time plus any cleanup costs. It does not matter if I can afford it or not. It does not matter if I lose my job if I go to jail. It does not matter if the only job I will be able to get with a criminal conviction will pay me far less. I hardly see why I should care if BP gets put to the same task.

I have no idea why you seem to want to have preferential treatment for businesses. If they go bankrupt, fuck-em. The vacuum will be filled.

10,000 workers get laid off in order to downsize and increase profits and the Right cheers. 10,000 people lose their jobs because their shitty company was bankrupted in order to pay fines and costs associated with their fuck up and it's a big deal. I don't get it.
 
If we start capping fines on corporations based on past profits, then you should be capping fines in civilians based on prior years tax returns.
 
We must protect business' rights. The declaration of independence sums it up nicely: We hold these truths to be self-evident, that all businesses are created equal, that they are endowed by their Creator with certain unalienable rights...
 
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Especially when such negligence is 'standard operating procedure' with said company, and when they ignore laws which require a certain level of preparedness.
 
unless their is a massive collapse in the global commodities market, BP is going nowhere, even if you did wack them with a multi billion dollar fine on top of cleanup efforts.
 
billions in fines would hardly even stress out BP's balance sheet. Im not sure how many people understand the size of this company.
 
they currently have over $6bn in CASH, and over $31bn in receivables. . might as well stay bullish on BP even if they spend billions. They would get to write a ton of it off anyways.
 
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