First Installment on $20B Shakedown

So, on June 17, I let you folks know how the $20B shakedown of British Petroleum by the US Government was going to unfold. The first installment is for $7B and was announced today at the Apache Corporation website.

Go back and take a quick look at my June 17 posting: here.

Now, after checking out the Apache Corporation website link above notice 3 things:

1. The underwriters for this transaction are all US financial institutions that have been bailed out by the US Government because they are insolvent,
2. The lead is Goldman Sachs former employer of just about everybody who is anybody in the US Treasury or Federal Reserve,
3. Apache Coporation does not have $7B to execute the purchase for the assets they announced they are buying.

This is getting really easy to predict. I hope you are making money. If you are just reading my posts for your entertainment; I at least hope that you are amused.