The idea that BP (BP) might actually file for bankruptcy, particularly as part of a merger that...

|About: BP p.l.c. (BP)|By:, SA News Editor

The idea that BP (BP) might actually file for bankruptcy, particularly as part of a merger that would enable it to cordon off its liabilities from the spill, is starting to percolate on Wall Street. Given that Shell (RDS.A) and Exxon Mobil (XOM) have billions in cash on hand and market values that easily exceed BP, now would be the time to make a deal.