Obama and Congress look to further takeovers

Former Labor secretary Robert Reich wants to place BP's U.S. operations in temporary receivership. Sen. Ron Wyden D-Ore. wants the oil giant to suspend its dividend payments. Attorney General Eric H. Holder Jr. is weighing criminal charges. And lawyers in more than a hundred lawsuits want BP to pay billions of dollars in damages for harm done to people's health, the environment and businesses.”At this stage, it is impossible to predict the longer-term cost of environmental remediation, claims and litigation, but they will be sizable,” BP chief executive Tony Hayward said in a conference call with investment analysts Friday.

via BP investors struggle to factor in huge costs – Washington Post- msnbc.com.