July 3, 2010
The BP oil spill may have a much larger impact than polluting the Gulf of Mexico or bringing down the company. The oil manufacturer is interconnected with the larger economy by a number of means, but the derivatives trades it is a part of could be particularly destructive, if it is to default.
Econotwist says it could be worse than Lehman Brothers.
This death spiral could be about to get much worse.
This article was posted: Saturday, July 3, 2010 at 2:52 am