Why BP will be the next bailout

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Sure, President Obama's now saying about BP, "We will make sure they pay every dime." He also pledged months ago that big banks would repay "every single dime" of bailout money.

In fact, there's an excellent chance Washington will do as it did in the financial, housing and auto-industry crises -- and decide that BP is "too big to fail." This time, it won't be to prevent panic but to keep peace among allies and to keep oil prices low. You see, the British public is outraged at us -- for being mad at BP, one of Britain's crown jewels and a huge taxpayer.

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