Franklin's Focus 6/5/10

If it walks like a duck, quacks like a duck, and looks like a duck...

I've appended a Telegraph record of recent frantic behavior by BP's CEO.

I've been muckraking for a long time, and when something smells
strongly of a fraud, a false flag op, or any kind of enormous scam, I
figure that something was something rotten. Did the head of BP fear
and foresee the precise tragedy that occurred killing eleven workers
and unleashing the most destructive oil leak in history? That old
simile about something looking like a duck was born of popular common
sense. I therefore believe the behavior of BP's corporate CEO, Tony
Hayward, a mere few weeks before the stunning event at a BP deep sea
well, to be exceedingly incriminating.

I do not mean to suggest a false flag op. I do, however, strongly
wonder if Hayward had been warned by engineers of a real possibility
of a major explosion followed by vast oil spillage. It seems to me
extremely likely that one or more engineers were becoming worried. An
entirely second rate safety system had been installed (with Obama's
okay) in order to speed up the installation of a dependable safety
system by four years. It was a system that had a bad record.

The actions of Hayward only weeks before the explosion strongly point
toward a fear on his part of just such an event. Hayward did not get
to where he is by making foolish financial decisions. Paying off the
mortgage on a home valued at 1.2 million English pounds is not very
smart. Even I know that. The cash he dished out to make that move
could have been put to far more profitable use from a financial
viewpoint.

The behavior of Hayward looks to have been frantic. If he was frantic,
the very real possibility of a disaster at a deep sea well may have
started some wheels spinning in his head. An enormous disaster
including multiple deaths and vast damage to the Gulf and coastal
industries and resources would realistically lead to his dismissal
considering that the normal safety equipment for such a deep well had
been bypassed (with an okay by the White House). Hayward knew he not
only would be fired, but he might even face criminal charges. Did
little bells start tinkling in his head? An enormous amount owing on
his mortgage, might become one of his fleeting thoughts. He may also
have figured one third of the stock holdings for BP would drop like a
bucket of lead. Hmmm!

I'm absolutely convinced Hayward was warned by one or more engineers
that an explosion or huge leak were not only possible, but even
likely. The second rate system that had been installed had a record of
failures. Will such an engineer eventually step forward to confess
that he had warned Hayward of a serious danger and potential
catastrophe? Well, not if he has been in some way paid off.

I believe Hayward knew of the likelihood of an explosion and/or vast
leakage of oil. One or more of his engineers also surely knew of the
likelihood. Did an engineer or two engage in the same kind of frantic
behavior as Hayward? If so, the truth will probably never be
forthcoming, that is unless an engineer is willing to make a deal with
a prosecutor.

Keep in mind that eleven deaths are involved here. This potential
scandal has extremely serious overtones. Even the White House may be
dragged into a mammoth scandal. Have you noticed how Obama is now
distancing himself from BP as fast as he can?

If somebody has a better explanation for the obviously frantic
behavior of BP's top dog, please pass it along. Until I have a better
explanation for Hayward's bizarre behavior shortly before the
explosion, I hold to my strong suspicions. The appended piece shows
the Brits themselves are suspicious of their own compatriots.

Of course, my dim view of predatory capitalism plays a role in my
suspicions. As I see it, this is just the way capitalism works. We
have in Amerika a vast coterie of crooked bankers, lawmakers,
governors, presidents, contractors, and so forth ad infinitum. This
is, after all, in the very nature of the beast. As for the Invisible
Hand.... Was it fiddling while the sea exploded?

Today's Quotation

'Formerly the master selected the slave; today the slave selects his
master...'

Albert Parsons, 1848-87. He was a heroic American figure in the
history of the struggle between capital and labor. He was a prolific
writer and the editor of 'The Alarm'. He ultimately was one of the
Haymarket martyrs and was murdered by the state in 1887.

Now take a look at what Hayward's compatriots are saying about his
behavior.

Warmest regards,
Richard

===================================================

6/5/10 www.telegraph.co.uk

BP Chief Tony Hayward Sold Shares Weeks before Oil Spill

Tony Hayward cashed in about a third of his holding in the company one
month before a well on the Deepwater Horizon rig burst, causing an
environmental disaster.
Mr Hayward, whose pay package is £4 million a year, then paid off
the mortgage on his family’s mansion in Kent, which is estimated to
be valued at more than £1.2 million.
There is no suggestion that he acted improperly or had prior
knowledge that the company was to face the biggest setback in its
history.
His decision, however, means he avoided losing more than £423,000 when
BP’s share price plunged after the oil spill began six weeks ago.
Since he disposed of 223,288 shares on March 17, the company’s share
price has fallen by 30 per cent. About £40 billion has been wiped off
its total value. The fall has caused pain not just for BP
shareholders, but also for millions of company pension funds and small
investors who have money held in tracker funds.
The spill, which has still not been stemmed, has caused a serious
environmental crisis and is estimated to cost BP up to £40 billion to
clean up.
There was growing confidence yesterday that a new cap placed over the
well was stemming the oil flow. An estimated three million litres a
day had been pouring into the sea off the coast of Louisiana since the
April 20 explosion, damaging marine life.
The crisis has enraged US politicians, with President Obama yesterday
forced to cancel a trip to Indonesia amid a row over the White
House’s response.
Mr Hayward, whose position is thought to be under threat, risked
further fury by continuing plans to pay out a dividend to investors
next month.

End