Further Alienating our Closest Ally

According to the Daily Mail, “Britain’s pension funds . . . rely on BP’s dividend income to provide £1 in every £6 they receive each year. ”  That dividend has already been cut, and if British pension funds rely on BP dividends for 1/6th of their income, they are holding lots and lots of BP shares.  Obama’s $20 billion slush fund is going to leave a mark, as will all of the political grandstanding and criminal prosecutions.  If BP goes under, it will have a devastating impact on our allies, and our alliance.

Nice reset.  Maybe the White House should try one of those Staples “easy” buttons next time around.

Published in: on June 17, 2010 at 3:35 pm  Leave a Comment  

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