Skip to comments.LIE: Obama Says Person In Charge Of BP Escrow Account Is "Third Party" -- HE'S NOT
Posted on 06/16/2010 12:41:47 PM PDT by i88schwartz
President Obama says the $20 billion BP has committed to is not a "cap."
"BP will meet their obligations" to the people of the gulf, he said.
"Another important element is that this $20 billion fund will not be controlled by BP or the government." Obama said the escrow account will be executed by an impartial third party. Ken Feinberg will run the BP escrow account.
UPDATE (@ 3:34:19 PM ET): It should be noted that Ken Feinberg is not an "impartial" third party. He has previously worked for the Obama administration in the Treasury department. His job was to oversee the compensation of top executives at companies which have received federal bailout assistance.
(Excerpt) Read more at realclearpolitics.com ...
Someone with more time on their hands, PLEASE make this stick! (Or give it its own thread)!!
What a surprise. NOT!
no he isnt and anyone he appoints wont be..but one thing you can count on is that he will take his share of the pie.
It never ends.
Has freddy and fanny been downgraded to penny stocks?
there is no limit on what third parties charge for their services.
We need to keep a sharp eye on the latest Obama slush fund. I can just imagine those getting in line for some “free” money.
Are you a member of a TeaParty that has a commercial fishing boat on the coast?
No $$$ for you EVER.
I believe Jamie Gorelick landed on the side of BP defense in this one.
1984, Dept. of Corrected History
These are professional sneaks, cheats and liars;
they know how to skim for friends of government, no one will ever notice and those that do will be silenced.
How can he say one of his Tzars is “an impartial 3rd party”? That’s obviously a rhetorical question.
This money will never be used for the clean-up...well, except that SEIU will certainly “clean-up.”
Hey that’s a damn fine can. I wouldn’t be able to contain myself. Sure, I’m not Governor, but I’m smarter than Charlie.
Obama, Obama, Obama! He gonna give us free money. I donno where he gets it but he gonna give it to us!
Much of this $20 Billion will end up in union executives hands, to be returned to the Dems for re-election purposes.
Nail meet head.
Lest we forget what Maxine Waters said about oil companies.
Maxine Waters threatens to nationalize U.S. oil industries http://www.youtube.com/watch?v=PUaY3LhJ-IQ
How can one party select a third party? I think we need a 4th party to select the 3rd party. Oh wait, we’d need a 5th party to select the 4th party. Oh wait......
Jamie Gorelick is on Jamie Gorelick's side and everybody knows it.
BP knows that, with enough money for Jamie and the people Jamie identifies, she can make any problem disappear. And it will be ALOT of money.
She's the root of all evil.
Gonna be nothing left but bleached bones.
They can buy that from Jaime, with the last of the company funds.
The GAO better have an accounting of EVERY PENNY of this,
or it’s all going to go to the SEIU and other 0bamites.
Gov. Charlie Crist checks a Florida beach for signs of oil
No way should anyone connected to the current regime be involved in deciding who gets what from this fund. Americans need to put pressure on these a-holes and on BP.
First requirement will be that all oil clean up workers will have be union ...
I hear he is considering appointing Bernie Madoff as fund manager... LOLZ
The next step. BP bankruptcy.
June 16, 2010, 4:47 p.m. EDT
BP OKs $20 billion spill fund;
Plans to cut capital spending, sell properties to offset expense
By Steve Gelsi and Robert Schroeder , MarketWatch
NEW YORK (MarketWatch) — BP PLC said Wednesday it will establish a $20 billion escrow fund to compensate victims of the Gulf oil disaster and suspend $7.5 billion in dividend payments this year, moves that drew praise on Wall Street. The statements came after top BP officials met with President Obama.
In another sign of pressure in the wake of the as-yet-uncapped April 20 oil-well blowout that has become the largest such disaster in U.S. history, the British company also said it will implement a “significant reduction” in its 2010 capital spending budget of $20 billion and increase planned divestments to approximately $10 billion over the next 12 months.
Magnitude of Gulf of Mexico oil spill fuels concerns that BP may be bankrupted
jamie gorlick of 1-11 investigation fame?
The very same. And lets not forget she’s a Fannie and Freddie alumnus as well. BP is screwed coming and going.
and so are the american public....screwed by their government....its all going down a rat hole again...all this money just vanishes...
He told several lies last night. “We have run out of places and oil to drill,” NOT— regulation keeps most oil fields off limits to drill.
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