Can’t Make It Up: BP Hires Goldman Sachs - FDL

[WillyT]

Can’t Make It Up: BP Hires Goldman Sachs
By: Michael Whitney Tuesday June 15, 2010 7:24 am

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Slipped into this Reuters piece http://www.reuters.com/article/idUSN1416392020100615 is the news that BP has hired Goldman Sachs as "advisers" for unknown purposes, in addition to Pete Peterson’s Blackstone Group and Credit Suisse Group. (Tip o’ the hat to Brad Johnson)

BP has hired investment banks Blackstone Group, Goldman Sachs Group and Credit Suisse Group as advisers, a source familiar with the matter said, without identifying the purpose of the advice.

It’s funny because if the Vampire Squid lived in the Gulf of Mexico, it’d be choking to death on BP’s oil. Assuming, of course, it doesn’t actually thrive on crude oil.

As for the advice Goldman & Co. might give to BP, there’s one thing the MOTUs seem to be quite good at doing: limiting liability, being giant corporate assholes, screwing the country, and still turning a tidy profit. BP’s chances on the latter may be slim as their liability goes up with each gallon of crude gushing into the Gulf.

But if anyone can get BP through this sea of sludge, it’s Goldman Sachs. What have they got to lose?

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Link: http://seminal.firedoglake.com/diary/54760

:wtf:

[blindpig]

1. This is oil spill mitigation....

Capitalists style.

[WillyT]

3. Makes The Links Between GS And The WH Even More Disturbing, No ???

Just what are they buying with this purchase?

Or am I just being cynical?

:shrug:

[glitch]

5. However cynical you are, it's not enough.

paraphrasing the brilliant Lily Tomlin

[chill_wind]

2. And the hits just keep on coming.

K & R. Thanks Willy T. Interesting stuff you keep finding today.

[WillyT]

6. You Are Quite Welcome !!!

:hi:

[JuniperLea]

4. Sounds like IR (investor relations) to me... eom