US Attorney General Launches Criminal, Civil Investigation Into BP Oil Spill
And here come the mutual fund liquidations. Will the US start involuntary bankruptcy proceedings against the oil giant next? Where is Steve Rattner to find some Chapter 7/11 loopholes dammit. In the meantime, we hope you are long BP CDS. Also, is it about that time for someone to ask a few questions of BP former Chairman Peter Denis Sutherland (until January 2010), who just happens to be a non-executive director of Goldman Sachs, which incidentally sold just under 5 million shares, or nearly 40% of their BP stake, in the quarter ended March 31?