So if I understand it correctly (my nurse sometimes gets these things wrong) the very same US rating agencies that connived in the promotion of America’s toxic debt have now downgraded BP’s credit rating.
And the President of a country that has ruined the world’s economy though its export of that toxic debt is now demanding extraordinary levels of compensation from a UK registered company.
This may bring BP to its knees. Were the same rules to be applied to Wall Street it wouldn’t just be Lehman’s and AIG going down the tube.
I could get very cross.
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