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sounds like a very risky deal, the CDS on BP is up 12 times the level before the spill.
CDS = credit default swap (basically the cost of insuring your investment against bankruptcy)
BP stock went down 16% yesterday and another 6% drop this morning...
Now investors of BP are suing, claiming they were misinformed...
sounds like it could go really bad.
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"Obscenity is whatever gives the Judge an erection." -- Author Unknown
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