Fox and Friends Criticize DOJ Investigation Into BP & Gulf Oil Spill (Mediaite)

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by Colby Hall
Mediaite
June 2nd, 2010

News broke yesterday that the Department of Justice is launching an investigation into whether any laws or regulations have been violated by BP in the lead-up to (and clean-up efforts) of the Gulf oil spill. This morning’s stock market opened much lower, in part due to the 15% sudden decrease in BP’s market cap valuation, or so surmised the hosts of Fox and Friends this morning.


Hosts Steve Doocy and Brian Kilmeade reported on the $20 Billion dip in market cap as a result of the DOJ investigation and openly wondered how smart it was for Attorney General Eric Holder to make an announcement that lead to the dip in the Dow index. Doocy exasperatedly wonders how BP is going to get that $20 Billion back if they are faced with all these lawsuits.

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