Posts Tagged ‘ collapse ’

BP bankruptcy could spark new derivatives crash, “bigger than Lehman”

July 11, 2010
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BP bankruptcy could spark new derivatives crash, “bigger than Lehman”

Gordon T. Long of Market Oracle is warning of a new credit crisis if BP files for bankruptcy which could be greater than that caused by the collapse of Lehman Brothers in 2008. This is because of BP’s activities as a provider of credit, and their involvement in the global over-the-counter derivatives market. Since...

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The Invisible Hand Episode 6: Interview with Zac Zimmerman of Zimmerman Oil

May 7, 2010
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The Invisible Hand Episode 6: Interview with Zac Zimmerman of Zimmerman Oil

This week’s show includes my interview with Zac Zimmerman of Zimmerman Oil, who reveals the shocking information that the Bureau of Land Management was conducting a surprise inspection on the Deepwater Horizon just two hours before the oil rig exploded last month. He also discusses the disturbing nature of the armed BLM “SWAT...

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