Markets Have Totally Stopped Worrying About The Oil Spill

Even though the leak shows no signs of slowing at the bottom of the Gulf of Mexico, worries about default by Transocean and BP have subsided off their highs.

Clearly, markets aren’t considering this video. Or maybe Transocean and BP have little to worry about, with laws covering how much they have to pay already in print?

From CMA Datavision:

Oil BP RIG CDS

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