Reply #21: It makes no sense to nationalize BP [View All]

[gravity]

The company has $100 billion in equity, but it is worth $160 billion on the market which would already make the US down $60 billion if they liquidated it. If the US decides just to take over BP instead, it is going to be breaking many US laws and be a complete diplomatic disaster because it isn't even a US company.

I can assure you that there is no talk about nationalizing BP whatsoever in the government. The only solution that actually makes sense is to fine BP for the damages.