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
  • Comey's Russia testimony was bad omen for Trump
  • Contenders to succeed N. Louisiana Congressman Mike Johnson, at starting gate
  • JBE spending governance leads to Louisiana's lower credit ratings
  • Will distorting RussiaGate backfire on Trump and Company?

watergateEven the Russians are talking about the impeachment of Donald Trump. The L.A. Times reported on Monday, March 20, 2017, “Sergei Markov, a Moscow-based political analyst and a former lawmaker with the ruling United Russia party, claimed the hearings into Russian meddling in the 2016 election are ‘related to an attempt to impeach Trump.’”

Read More

mike johnson2by Lou Gehrig Burnett, Publisher of Fax-Net
Saturday is election day
    The race for the District 8 seat in the Louisiana House of Representatives highlights election day this Saturday, March 25.
    It is a special election called to fill the seat of Rep. Mike Johnson, who was elected to Congress.  The winner will serve out the remainder of his term.

Read More

It shouldn’t be a surprise that Louisiana has endured adverse credit rating changes since edwards midDemocrat Gov. John Bel Edwards assumed office, completing a downgrade trifecta last week.

Read More

backgunThe post-mortem on the Donald Trump-Comey-House Intelligence Hearing Monday continues.

On the extreme right, from the jowls of someone who knows a thing or two about investigations against a President, Pat Buchannan, there is still “nothing there, there”.

 

Read More

latter-blum2

TRUMP TALK

Trump Talk: Ryancare, Russia, Investigations, Travel ban--with Jeff Crouere

Dead Pelican

Optimized-DeadPelican2 1 1