Monk's Den

[McTrades]

Check this out,

http://www.npr.org/templates/story/story.php?storyId=126798122

If Transocean wins their petition to cap its liability from the massive oil spill to $27 million, after $533 million from insurance, it'll break even on the entire disaster. Maybe next time they can turn a profit.

How sad. That mean means all the families who lost someone, the fishermen, the environmental groups, the damaged communities and ecosystems... all of them... will have to split $27 million from RIG. Of course that's not counting BP, but still... wow.