Posted on 06/16/2010 2:33:53 PM PDT by Rufus2007
Thats what I am wondering as well. Supposedly it has been reported that BP was putting up 20B to settle claims last week.
If BP did infact cap their liability at 20B they may have save hundreds of Billions in Litigation costs and settlements.
IT only took 20minutes to discuss. BP had to get something in return. They still have a board of directors and stock holders to answer to as well.
Headman, Dear Leader, and Chief Asskicker by the Divine Right of Marx.
Obama wants to get his hands on the inevitable trust fund as a perpetual self funding community organizer slush fund.
Obamacrats will kneecap the BP execs who do not go along.
who are the trustees/fiduciaries of the trust?
how long will the trust last?
is this like the NY toll system?
Just like Jessy Jagson. He must have taken lessons from the Revvvverrrron.
Like, for example, when do they get the expense for the fund (which will take 3 1/2 years to fund)? Wanna bet its immediate?
And, as some one else asked elsewhere, what are the full details of the fund provisions and just how will claims be processed?
“Would you be as furious as a secured creditor of Chrysler or GM?”
HECK, YES!!! I’m furious over his agenda to kill the private sector overall.
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