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BP Official Admits to Damage BENEATH THE SEA FLOOR

As I noted Tuesday, there is growing evidence that BP’s oil well – technically called the “well casing” or “well bore” – has suffered damage beneath the level of the sea floor. The evidence is growing stronger and stronger that there is substantial damage beneath the sea floor. In... Read more...

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Goldman Sachs Sold $250 Million (44%) Of BP Stock Before Spill; Wachovia & UBS Sold 97 & 98%

Firm's stock sale nearly twice as large as any other institution; Represented 44 percent of total BP investment The brokerage firm that's faced the most scrutiny from regulators in the past year over the shorting of mortgage related securities seems to have had good timing when it came to somethi... Read more...