CRD ON FIRE !!!

BVCRD · **Posted:** Wed Jun 16, 2010 8:36 pm

popmisoli wrote:

Thanks . I know it is goin to take some time to resolve the problem .I just have to explain my wife (7 months pregnant ) , my 4 y.o , and 17 m . o that diesels aer safe cars .They were driving the car at the time ......

They are when it comes to fire. Not as flameable.

geordi · **Posted:** Wed Jun 16, 2010 8:51 pm

warp2diesel wrote:

geordi wrote:

Kinda makes me recall what BP said not too long ago publicly: "We will live up to our responsibilities and honor all legitimate claims." Yea... But I have a crisp new $10 that says they won't pay ONE CENT over the current-law limit of 75 million... B/c that is their current "responsibility" just like Chrysler-Fiat was absolved of HAVING any to the existing owners. Sorry you got caught up in the corporate greed tho. For me personally... I have lost all faith in ANY kind of warranty coverage from any company. All it is, is a warm feeling for the customer... Until they actually need it.

If the big Ka Hoo Na forces BP into Chapter 11, how much does any one think the Small Business people will get?

Give you a clue the square root of zero. :2cents:

Well... The Big Kahuna may not get the chance. Amazingly, BP has agreed to put aside 20 billion in an escrow account (probably only about 3 days of profits) but the stock markets have been exacting a huge amount of punishment already on them. Their value has just been re-rated for the second or third time, to just about junk status. The dollar amount isn't much better. If I had any money, I would be buying their stock. Not because I like them, (FAR from it) but b/c I do know that they will eventually gain value again. Can't get much lower than almost zero!

BVCRD · **Posted:** Mon Jun 21, 2010 11:15 am

geordi wrote:

warp2diesel wrote:

geordi wrote:

Kinda makes me recall what BP said not too long ago publicly: "We will live up to our responsibilities and honor all legitimate claims." Yea... But I have a crisp new $10 that says they won't pay ONE CENT over the current-law limit of 75 million... B/c that is their current "responsibility" just like Chrysler-Fiat was absolved of HAVING any to the existing owners. Sorry you got caught up in the corporate greed tho. For me personally... I have lost all faith in ANY kind of warranty coverage from any company. All it is, is a warm feeling for the customer... Until they actually need it.

If the big Ka Hoo Na forces BP into Chapter 11, how much does any one think the Small Business people will get?

Give you a clue the square root of zero. :2cents:

Well... The Big Kahuna may not get the chance. Amazingly, BP has agreed to put aside 20 billion in an escrow account (probably only about 3 days of profits) but the stock markets have been exacting a huge amount of punishment already on them. Their value has just been re-rated for the second or third time, to just about junk status. The dollar amount isn't much better. If I had any money, I would be buying their stock. Not because I like them, (FAR from it) but b/c I do know that they will eventually gain value again. Can't get much lower than almost zero!

I have already done this. The cost of the oil leak is chump change to them. The devaluation of their stock is based on negative publicity. In the end, people don't care where their oil comes from. We buy from Chavez don't we? lol. It will go back up. I made a nice little nest egg a few years ago on Chevron before gas was $5 a gallon.

CRD ON FIRE !!!

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