tour de tuesday, page-111

Still can't shake my bear suit, added another short this evening - Last line of article -
"82 billion in liabilities according to GS"

********************************************************

Brits prepare in case of BP collapse

http://www.theaustralian.com.au/business/news/brits-prepare-in-case-of-bp-collapse/story-e6frg90f-1225888668391


THE British government has begun drawing up contingency plans for a possible collapse of BP, amid fears the oil giant could be broken up or taken over in the wake of the Gulf of Mexico oil disaster.

The talks, led by officials at the British Department for Business and the treasury, will focus on how a corporate failure of BP would affect British interests domestically and internationally and the impact on millions of British retirees, as the vast majority of British pension funds hold a stake in the company.

BP, formerly Britain?s biggest company, more than halved its value since the accident on April 20 and has liabilities of up to $A82 billion, according to estimates by Goldman Sachs.