Wallstreet, AIG, Auto industry, Healthcare, Journalism, Now Oil??

[srkruzich]

Seems that Oil is the next takeover target....  Start practicing your Seig Heil mien fuhrer....



Reich said a federal takeover of BP is the only way to provide transparency, guarantee competency and ensure Obama is in charge.

"If the government can take over giant global insurer AIG and the auto giant General Motors and replace their CEOs in order to keep them financially solvent, it should be able to put BP's North American operations into temporary receivership in order to stop one of the worst environmental disasters in U.S. history," he wrote.

"I'm not entirely sure what legal mechanism one would have to do that," Gibbs said Tuesday.

Gattuso called Reich's proposal "stunning," and said he must be having some fun and trying to stir the pot.

"For the U.S. to take over, unless there's some statute Reich knows about that he's not citing, he's proposing a Venezuelan-style takeover and worrying about legal justifications later," he said.


http://www.foxnews.com/politics/2010/06/03/bps-shaky-financial-condition-spurs-talk-takeover/

[Anmar]

BP's american division made 5 billion dollars last quarter, they aren't in financial trouble.  They are one of the richest corporations in the world.  Stop listening to the nut jobs.