As BP announced a $17 billion second-quarter loss, it said it would incur a charge of $32 billion from the Gulf oil spill response - - and thus claim a nearly $10 billion tax credit.http://www.miamiherald.com/2010/07/28/1749344/bp-eyes-10b-tax-credit-over-gulf.html
It turns out that the awesome $20 billion fund that Obama squeezed out of BP is as big a sham as . . . the administration that squeezed it out of them.
Isn't it funny that no one mentioned at the time that a U.S government tax credit would pay for half of the fund?