Louisiana's Kennedy Warns U.S. to Plan for BP Bankruptcy

June 18 (Bloomberg) -- Louisiana State Treasurer John Kennedy talks with Bloomberg's Margaret Brennan about the need for state and federal governments to be prepared to "step in" if BP Plc files for bankruptcy. Kennedy, speaking yesterday, also discussed his concern about the environmental effects of the dispersants being used to break down the oil in the water. (This is an excerpt of the full interview. Source: Bloomberg)