Sunday, June 13, 2010


BP bailout would benefit big bank

by Larry Geller

In my earlier post today I omitted another reason why BP might qualify for a bailout:

In the wake of the Gulf of Mexico oil spill, BP’s stock value has plummeted, prompting news stories identifying the company’s largest investors. Oddly enough, some media outlets have failed to identify the largest BP shareholder: the U.S. investment firm JPMorgan Chase.  [, Who Owns BP? Biggest Shareholder is JPMorgan Chase, 6/12/2010]


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