logo-cropped

BP Claims Administrator Feinberg Says Half Of 20B Could be Enough For Victims
Written by  // Friday, 31 December 2010 17:13 //

According to Bloomberg, Kenneth Feinberg, the person chosen by President Obama to administer the $20 billion BP compensation fund told Bloomberg Television that half of the $20 million dollars might be sufficient to cover victim’s BP Gulf of Oil Spill.

The fund was created by BP after pressure by President Obama.

 “It remains to be seen, but I would hope that half that money would be more than enough to pay all the claims,” Feinberg said.

So far, the Gulf Coast Claims Facility has paid about $2.7 billion to more than 170,000 claimants. 

Feinberg also had been under pressure for a payment being made from the fund.

On Thursday, the administrator acknowledged he has agreed to pay New York University professor Stephen Gillers for legal ethics his advice.   Gillers is to be paid $950 per hour.

 

latter-blum2

Bernie burns sizeWatch Bernie Pinsonat discuss current poll numbers, the US Senate race, Congressional races, upcoming Louisiana legislative session, Governor John Bel Edwards' popularity, favorables of other elected officials, future political races such as Treasurer, Attorney General and more topics. 

(Click here for the paid content)

bernie paid

 

 

Dead Pelican

Optimized-DeadPelican2 1 1