Part of me really hopes BP goes bankrupt, but then I heard a shocking statistic. 1 out of every 6 dollars in dividends paid in the UK comes from British Petroleum. So that means when (not if) BP cuts its dividend to help pay for the cleanup/litigation, it will be at the expense of the average shareholder of the common equity -fixed income seniors will have their piggy banks raided to cleanup BP's mess. Truly sad.
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