Florida AG Demands $2.5 Billion In Escrow From BP

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Thu, 06/10/2010 - 15:55 | 406787 cossack55
cossack55's picture

I'm already seeing the "Reap the Whirlwind" ride at DisWor.  Maybe misters that spray black water to get a good feel on those hot summer days.

Thu, 06/10/2010 - 16:00 | 406809 chumbawamba
chumbawamba's picture

Oh god, that is too funny.  Sad, but funny.

I am Chumbawamba.

Thu, 06/10/2010 - 16:01 | 406814 chumbawamba
chumbawamba's picture

Aw, fuck it, it's just funny.

I am Chumbawamba.

Thu, 06/10/2010 - 16:22 | 406890 Kurtieboy
Kurtieboy's picture

Classic! LMAO

Thu, 06/10/2010 - 19:07 | 407234 SilverIsKing
SilverIsKing's picture

It's a trick!

The Florida AG wants them to deposit the $2.5 billion into one of Florida's "finest" banking institutions and the next week, they will be closed down by the FDIC.

I then see Goldman Sachs entering into a loss share agreement with the FDIC on that one.

Thu, 06/10/2010 - 16:01 | 406797 truont
truont's picture

McCollum announces that  he has "sent a letter to BP asking the company to deposit no less than $2.5 billion

Now THERE'S an optimist!

Someone has been breathing too much Corexit fumes, methinks...

Thu, 06/10/2010 - 16:01 | 406813 Citizen of an I...
Citizen of an IKEA World's picture

"...no less than..."


Thu, 06/10/2010 - 16:39 | 406940 RichardENixon
RichardENixon's picture

Yea I'm guessing they'll deposit a little bit more just to look like good sports.


Thu, 06/10/2010 - 15:59 | 406800 I need more asshats
I need more asshats's picture

That's funny. It's one way to throw some funds at the states budget crisis.... Who's the escrow agent? The Attorney General themselves?

Thu, 06/10/2010 - 18:06 | 407132 JLee2027
JLee2027's picture

AG's countrywide are trying to become little Gods. Here in Maryland the AG tried to legalize same sex marriage just by issuing his opinion on the matter. No legislature voting or actual voters needed.  Sickening.

Thu, 06/10/2010 - 16:00 | 406802 Citizen of an I...
Citizen of an IKEA World's picture

McCollum is waxing populist just now, desperate to politicize this thing to help his Senate chances, which are suddenly imperiled by a nobody.



Thu, 06/10/2010 - 16:02 | 406820 Tortfeasor
Tortfeasor's picture

Governor seat, actually.

Thu, 06/10/2010 - 16:06 | 406840 Citizen of an I...
Citizen of an IKEA World's picture

Yes, sorry.


Thu, 06/10/2010 - 16:07 | 406804 Millivanilli
Millivanilli's picture

BP just wrote back.


Dear Bill,

We'll let a Supermajor eat our dead corpse before we pay you up front.   In conclusion, FUCK YOU.




PS  We have a battalion of litigators ready to do battle for YEARS.   Given your current economic situation we predict the state of Florida will be bankrupt before a decision is handed down.  Yuk yuk yuk...

Thu, 06/10/2010 - 16:18 | 406875 Mad Max
Mad Max's picture

Seems very plausible.

Thu, 06/10/2010 - 22:26 | 407432 Snidley Whipsnae
Snidley Whipsnae's picture

Florida is already BK...Florida simply does a better job of PR than Cal, Nv, Ill, Mich, et al, of hiding insolvency.

Recent announcement from a local Orlando tv newscast...'contractor stopped construction on two major road expansions because contractor ran out of money'. Duh...

Thu, 06/10/2010 - 16:00 | 406805 Hephasteus
Hephasteus's picture

Me too. I'm going to need to escrow 40 bucks from them to pay for my increased crab salad costs.

Thu, 06/10/2010 - 16:15 | 406865 Clayton Bigsby
Clayton Bigsby's picture

nicely done, sir

Thu, 06/10/2010 - 16:00 | 406807 Mark My Words
Mark My Words's picture

Good for Florida!

Thu, 06/10/2010 - 16:02 | 406821 Gordon_Gekko
Gordon_Gekko's picture

For a corrupt to the core corporation like BP, $2.5 Billion is too less an amount.

Thu, 06/10/2010 - 16:03 | 406823 StarvingLion
StarvingLion's picture

I've done my bit.  Started up the 'Pelicans against BP' charity.  99 cents of every dollar will go to me. 

Thu, 06/10/2010 - 16:05 | 406836 chumbawamba
chumbawamba's picture

Plus all the dead pelicans a starving lion can eat.

I am Chumbawamba.

Thu, 06/10/2010 - 16:04 | 406827 chumbawamba
chumbawamba's picture

What a fucking wuss.  Send the god damn Florida National Guard to raid BP's HQ and take every top level exec prisoner.  Florida can create its own version of Gitmo on one of the less nice keys (the one soon to be surrounded by a thick slime of oil).

These politicians are fucking morons (not a revelation, I know).  They should be getting in front of every camera they can find and screaming at the top of their lungs for the head of Tony Hayward.

I am Chumbawamba.

Thu, 06/10/2010 - 16:18 | 406878 Mad Max
Mad Max's picture

Last I checked BP's US headquarters were in Chicago... that could get really entertaining.  I can just picture Daley coming out and asking the CPD to arrest all those National Guardsmen, on the basis that they don't have any right to bear arms...

Thu, 06/10/2010 - 16:37 | 406932 sethstorm
sethstorm's picture

Who said they had to announce their arrival?  Go in quietly with overwhelming force and announce it when they got what they came for, BP. 

The CPD would most likely be outmatched.  What are they going to do, bribe them to death?  That aside, it'd be nice to have some popcorn and watch the show.


Thu, 06/10/2010 - 17:15 | 406998 Kali
Kali's picture

Yes, don't forget Amoco got swallowed by BP.  They have a huge research center in Naperville too.  HOnestly, when that happened, I couldn't believe it,  Remember Amoco==> Standard Oil=>one of the first of the big US oil companies. (Teddy and trustbusters, Rockefellers,remember!)

Thu, 06/10/2010 - 22:37 | 407445 Snidley Whipsnae
Snidley Whipsnae's picture

Old man Rockefellers most telling quotes "competition is a sin"...

From Wiki: BTW, Wiki left out Chase morph to JPMorgan...

International politics/finance/economics

The family has been awarded the annual UNA-USA’s Global Leadership Award, along with other recipients over time, including Bill Clinton and Michael Bloomberg. Members of the Rockefeller family into the fourth generation (especially the prominent banker and statesman David Rockefeller, who is the present family patriarch) have been heavily involved in international politics, and have donated money, established or been involved in the following major international institutions:

Thu, 06/10/2010 - 16:28 | 406910 desgust
desgust's picture


Thu, 06/10/2010 - 16:31 | 406916 Gordon_Gekko
Gordon_Gekko's picture

The ENTIRE BP Management - with Tony Hayward first in line - must be DRAGGED physically through the sea of oil now clogging the beaches, so they end up looking like one of those pelicans we saw drenched in oil. Perhaps this will set an example for oil company executives to not fuck around with the safety and prevention measures. 

Thu, 06/10/2010 - 16:58 | 406982 Scarecrow
Scarecrow's picture

Listen to yourself. You sound like a damn idiot. We fight our battles in the courtroom here in the US. I can't believe what I am seeing in these comments. 

Thu, 06/10/2010 - 17:05 | 406999 Gordon_Gekko
Gordon_Gekko's picture

We fight our battles in the courtroom here in the US.


And look where it has gotten us...

Thu, 06/10/2010 - 17:17 | 407023 Kali
Kali's picture

I always say, lawyers, MBAs and career politicians have been the ruination of this country. +100 GG!

Thu, 06/10/2010 - 18:12 | 407137 JLee2027
JLee2027's picture

Economics finally kicking in.  Layoffs in the CA court system, law students that can't find work, etc.  I feel so 

sorry for liberals that live off the gubermint.  Not.


Fri, 06/11/2010 - 00:20 | 407556 DoChenRollingBearing
DoChenRollingBearing's picture

Too bad for California, they overspent their way into the ditch.

No bailouts for them or anyone else.

Time for each person and each organization to stand on their own.

On the other hand, giving money away to charities and any PERSON asking for money is OK with me.  I'm trying to be more generous.

Thu, 06/10/2010 - 18:07 | 407134 Hephasteus
Hephasteus's picture

I don't know what you are talking about. A bunch of idiot judges who don't even know how to fucking dress themselves are fully capable of judging right and wrong in computer science patent law and complicated medical cases.

Thu, 06/10/2010 - 18:09 | 407136 JLee2027
JLee2027's picture

We fight our battles in the courtroom here in the US. I can't believe what I am seeing in these comments. 

That's what liberals do, because they control the outcome and dictate what you are supposed to do.

Real men shoot first and ask questions later.

Thu, 06/10/2010 - 23:20 | 407496 trav7777
trav7777's picture

You have some evidence of your claims?  Or are you just a freakin raving lunatic?

Nobody even yet KNOWS wtf went wrong with this well and you've already gone to lynch mob.

BP shouldn't pay Florida a fucking DIME because any dime they DO pay to the STATE of Florida will end up in the pockets of the ELITES.  It will ALL be stolen.  Governments appropriate funds on "behalf" of their citizens that never go to them.

Fri, 06/11/2010 - 01:39 | 407639 chumbawamba
chumbawamba's picture

Yeah, so they should just keep the money and go spend it on hookers!  Fuck all the victims of the oil armegeddon, and all the pelicans!

WTF is wrong with you?  Don't you know not to get in between a mob and its object of hatred?

Go read some hippy poetry or the autobiography of Gandhi or some shit.  We're out for blood, fool.

I am Chumbawamba.

Fri, 06/11/2010 - 08:50 | 407892 trav7777
trav7777's picture

Did you read what I just wrote, fool?

Better they should give it to FL so that THEY can then go spend it on hookers?

Not a dime of the money is ever going to see the true victims.

Thu, 06/10/2010 - 16:58 | 406946 -273
-273's picture

The age of easy oil is past, the current oil is hard to get. This was a terrible tragedy, but it was also an accident (through neglect, arrogance or miscalculation or whatever else who knows). BP are as much to blame as the rest of the modern world who are completely addicted to oil. I imagine this will be an unpopular comment, but its the truth of the matter. We are all collectively responsible.

Anybody who drives a car, eats food, takes medicine, has any plastic products, wears clothes or buys anything which was transported from far away etc. etc is as responsible as BP. BP fucked up, but we cant live without oil and it's derivative products, and the remaining oil is incredibly hard to get now. Either hundreds of thousands of people die through invasion to get oil or mistakes are made and will continue to be made drilling in such deep waters since we NEED that oil. Without it, everything stops, and the world will be as fucked as Florida appears to be right now.



Thu, 06/10/2010 - 17:01 | 406988 Scarecrow
Scarecrow's picture

Don't forget the politicians who won't let the oil companies drill on land where the oil is or in the shallower water because they don't want a rig in view on the horizon. They make them go to the most dangerous places to get the oil and then get mad when something goes wrong. 

Thu, 06/10/2010 - 17:06 | 407001 Gordon_Gekko
Gordon_Gekko's picture

Somebody is a shill for BP.

Thu, 06/10/2010 - 18:25 | 407167 nonclaim
nonclaim's picture

Could be, but he's also correct.

Thu, 06/10/2010 - 18:41 | 407194 Kali
Kali's picture

Who fostered that dependency?  The oil corps?

Thu, 06/10/2010 - 23:21 | 407500 trav7777
trav7777's picture

No, the fucking laws of physics did

Fri, 06/11/2010 - 00:26 | 407563 DoChenRollingBearing
DoChenRollingBearing's picture

Decades ago I was in the oil business.  Even in 1980 the offshore rigs I was on were very careful.

Bottom line guys is we need the oil.  We should regulkate better, and the whole oil companies / drilling cos/ oilfield services cos. must man-up and be moore serious and careful.

OK we need to research the alternatives, inc. NatGas.  Hey, I hope solar, wind, geothermal, tides, etc. can contribute to resolving our energy woes.

But, there is NO WAY we can ban drilling in the Gulf and Alaska if we want to keep gasoline prices within reason AND not enrich our Arab pals.  That's a FACT.  We have to drill.

Thu, 06/10/2010 - 18:42 | 407197 Waterfallsparkles
Waterfallsparkles's picture

What is so unfortunate is that the Alternates are so expensive.  Solar Pannels for your home, very expensive.  15 years to recoup the cost.  Geo Thermal.  Would love to install Geo Thermal for my Home but so very expensive drilling the wells and the new Heating System.  Heck, even a Wood Stove will set you back close to $5,000. for the stove and the instalation.  The problem seems to me is that the alternative energy sources for Americans is so expensive that we by default go to Oil.  At least for now.

Thu, 06/10/2010 - 18:48 | 407203 Kali
Kali's picture

Why do you think cheaper, efficient methods aren't available?  That patented knowledge is buried in oil company vaults.  There are cheaper, better ways, but they won't see daylight until the system as it exists collapses.  Anyone who tries to get new techs out, get eaten by the big boys.  "Sell me your patent/product or die".  They don't want the competition.

Thu, 06/10/2010 - 23:23 | 407501 trav7777
trav7777's picture

You're out of your mind if you believe this shit.

There is no cheating physics, ok?  Oil is significantly more energy-dense than any competing substance. 

Fri, 06/11/2010 - 00:29 | 407566 DoChenRollingBearing
DoChenRollingBearing's picture

trav7777 is right on this Kali.

If the economics were good for any alternative, the first-mover oil company would make a fortune.

Oil is Numero Uno for energy density by far over all vs. anything other energy sources.  FACT.

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