BP Execs Agree to $20B Compensation Fund for Spill Victims, Chairman Apologizes

For one, this was announced before the meeting. This was BP's idea. BO said BP "agreed" to the 20 Billion. It twasn't his idea.

BP Execs Agree to $20B Compensation Fund for Spill Victims, Chairman Apologizes


...Obama also said the company had agreed to set up a separate $100 million fund to compensate oil rig workers laid off as a result of his six-month moratorium on deepwater drilling.

The deal with the White House arranges for the company responsible for the largest manmade environmental disaster in U.S. history to set aside the money in a fund to be administered by lawyer Kenneth Feinberg.

Feinberg oversaw payments to families of victims of the Sept. 11, 2001, terrorist attacks and is currently President Obama's "pay czar," setting salary limits for companies getting the most aid from a $700 billion government bailout fund...

**Obama stated that not BP, Not the Federal Government, but an impartial 3rd party would administer these monies.

"Impartial 3rd party" is HIS PAY CZAR.

Anybody buying that "Impartial 3rd Party" stuff? :rotfl:
He just got his hands on a whole lotta money.


God Bless.
+Jesus, I Trust In You!
Love, Dawn**

It's the same guy that George Bush appointed to distribute the compensation for 9/11 victims.

And do people really think that Bush and Cheney would have gotten BP to pay into an escrow account? If so I have marshland to sell you in Louisiana.

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