Monday, June 14, 2010

BP Tricks Clean Up Costs

BP continues to be the American Whipping Boy. The public debate focuses on how BP will pay. Most politicians have missed this critical fact “The clean up cost will be tax deductible”.

So if BP kicks in say $20 Billion the American taxpayer really foots half that amount. The BP tax accountants are laughing at American Politicians and their zombie like response.

Financial engineers are buckling up and starting to work the new algorithms.
Disclosure: No position in any stocks mentioned in this post.