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

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.

 

Login to post comments
Powered By JFBConnect
  • Cat Fights on the Hot Cement Confederate New Orleans statues
  • Ex-Saints, Bears, Bills, NFL Exec, Jim W. Miller discusses NFL Draft tomorrow
  • Trump's new plan; Curtains on tax returns release; 40% say Trump-Russia; Probing Obama admin
  • Watch Louisiana Governor Edwards talk about CAT Tax failure

catRarely, have I seen few issues that have generated as much raw heat, tension, and passion than the confederate monuments controversy. 

Just as existed during the real civil war, where brothers battled brothers, social media is the battleground, particularly Facebook, pitting friend against friend.

On one side of the tense divide, there are those who are protecting the New Orleans civil war era monuments.  Burnt in effigy, forever, is the symbol of Mayor Mitch Landrieu for up-ending what the monument protectors consider to be the loving civil society of New Orleans.

Lately, events have turned somewhat militaristic.

Some protectors of the confederate monuments have been staying vigilant, in person and online, even surveilling during the wee hours of the morning, waiting for the next Mayor Landrieu attack. On Sunday morning, with protections of snipers, masked workers and a dumbstruck audience, the worst of all of the monuments was cut and carried., the Liberty Monument. 

Read More

miller nfl live2 5It’s D-Day or Draft Day tomorrow in the NFL.

More specifically, Thursday represents the first day of the NFL draft 2017.

Read More

 

trump curtainsThe major President Trump news of the day focuses upon taxes, not only the tax cuts he is proposing but his own taxes, which he obviously, refuses to unveil.

 

Read More

edwards play money 1

At a press conference today, Louisiana Governor John Bel Edwards said the CAT Tax did not pass the House Ways and Means Committee.  The Governor, in addressing the media said that "the fate of that bill was decided long before we unveiled it".

Read More

latter-blum2

Sen. Appel talks budget, economy

TRUMP TALK

Dead Pelican

Optimized-DeadPelican2 1 1