I’m curious, would this fund be the cap on liability for BP? If so, and if the damages exceed the 20 billion, who would pay the balance?
I'm sure that and a legion of other devils are at least hinted to in the fine print. But my gut is that, as with all government "deals," it's completely open ended in favor of the state.
Good question, no telling what the actual deal is. The bigger problem is with this chunk of cash being frozen how will BP afford to continue to spend big bucks to cap the well, remember it’s not capped yet.
20 Bil: I think we're gonna see how "skimmers" work...