BP’s most recent containment plan for the Gulf of Mexico oil spill turned out to be a failure. With no immediate viable options remaining, the company has now thrown their hands up and is actually asking the public for their input on how to contain the leak. Meanwhile, oil continues to spew out of the bottom of the Gulf of Mexico, threatening anyone who lives or makes a living on the Gulf Coast. Mike Papantonio appears on The Ed Show to tell us how B.P. might go bankrupt as a result of the scope of this disaster, causing those most affected by the oil spill to never receive compensation.

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Farron Cousins is the executive editor of The Trial Lawyer magazine and a contributing writer at DeSmogBlog.com. He also hosts the weekly DeSmogCAST and serves as co-host for Ring of Fire on Free Speech TV. His writings have appeared on Alternet, Truthout, and The Huffington Post. Farron received his bachelor's degree in Political Science from the University of West Florida in 2005 and became a member of American MENSA in 2009. Follow him on Twitter @farronbalanced