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Rath said:

The American public would probably react by seizing BP's assets. At least thats an idea I have heard bandied around quite a lot recently. That would really fuck the situation up though because; A) It would slow down fixing the problem a lot as a working BP is the only thing that's going to stop the leak.  B) Fuck over American shareholders who actually I think own more of BP than the British do.

To be fair, this is something that is being pushed mainly (exclusively?) by the hard left. I haven't seen a poll on the matter, but in every interview I've seen with Gulf Coast residents, they seem to show a kind of sad resignation because they realize that even though the ways they make their living - fishing or whatever - are being fucked up, they are equally (or even moreso) dependent on the oil that's causing the problem.