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CAN THE U.S. AFFORD TO LET BP FAIL?

We might have another case of too big to fail on our hands given the enormous tax and employment contributions BP makes to the US government/economy. Reuters Insider quantitative analyst Mike Tarsala believes the US government can’t afford to let BP fail.  Bond investors liked the news today that BP would suspend its dividend.  Are distressed debt investors taking advantage of another too big to fail situation?   Click below for the full analysis:

Source: Reuters Insider, sign up for free here.

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