Money for Nothing...and BeePee for Free

Money Managers and investors holding shares of BP are upset that President Obama is bashing the company and that the dividend might be in jeopardy. These idiots seem to be forgetting the basics of holding equities- it is an "at-risk" investment, no dividends are "guaranteed" and the firm has to first meet its obligations and liabilities before paying its equity holders. If pension funds need guaranteed income, they should hold instruments that guarantee a rate of return, like federal debt. Holding equities and complaining gets no tears.

U.S. Fury at BP Stirs Backlash Among British - NYTimes.com: "Spewing oil and alienating Americans with its chief executive’s impolitic remarks, BP may be Public Enemy No. 1 in the United States. But in Britain, where the company is a mainstay of the stock market and a favorite of pension funds, investors and politicians are becoming increasingly angry at the blistering attacks from across the Atlantic."