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Originally posted by airspoon
If they can't afford to pay all the damages that they created, then they should cease to exist as a company and sell off all of their assets to ensure that the people get as much as possible.
Originally posted by DerekJR321
BP made $5 billion + PROFIT in the 1st quarter of 2010. Add that with all the previous quarters.
The U.S. Supreme Court on Wednesday gutted punitive damages awarded to victims of the Exxon Valdez spill, devastating West Coast fishermen.
There were fears that after so many years in court the oil behemoth would see its penalty reduced. But the decision ending the legal saga -- slashing the award from $2.5 billion to $500 million -- triggered emotional shock waves.
Originally posted by zroth
I can't get my head around this. Everyone is three steps ahead of where we actually are.
Why is everyone so obsessed with money on this one. Money is not the issue. there is a problem that needs to be solved. It is still an incident. After the incident we can do problem management and root cause analysis, along with discuss justice and compensation.
Originally posted by Agit8dChop
Id be thrown in prison quicker than you can say '' buck tooth bob bounces betty's bopping boobies ''
Originally posted by Illusionsaregrander
If you cant afford the damages you actually do, then your company should be completely dissolved, and the money used to satisfy as many claims as possible.
I am sure the small businesses who may face complete loss of their business arent getting a chance to stand in Congress and argue that their liabilities to people be dismissed. Why should BP.
They should pay legitimate claims until they do not have a thin dime left after their assets are sold or the claims are paid in their entirety, which ever comes first.