With the release of the Presidential Oil Spill Commission report this week, we’re seeing some renewed interest in the fallout from the BP oil spill.
In particular, the $20 billion escrow fund managed by Kenneth Feinberg has been a main point of contention between the Gulf and BP since last fall, when BP began threatening to withhold compensation to residents if Congress placed greater restrictions on their drilling. Many residents have complained of the difficulty in securing so much as a pittance from the fund, and a number of lawsuits against BP have followed as a result.
So Feinberg has spent the last few months trying to quell the uproar over the escrow account, using town hall meetings to let these destitute fisherman air their grievances and, hopefully, stop suing BP over their inability to efficiently process claims. The problem is that most of the fishermen who have received compensation claim it’s nowhere near enough to support their families, while others have been forced to wait helplessly for for months on end for their checks to arrive.
At once such town hall meeting this week, a shrimper named Elmer Rogers actually got on his knees and begged Feinberg for help:
“Thanksgiving, I was under review,” said Rogers. “My kids barely ate. I barely ate. Christmas came. Christmas came. My child is 13 years old. She got nothing. You know what she woke up to? No water in the house, and no power.”
Here is the video of the exchange, courtesy WWLTV:



18 Comments

Good post.
Feinberg was a mistake appointment from the beginning. Brought in solely to deny claims not to facilitate payments.
He touts the $3 billion being distributed. Wasn’t the possible exposure $20 billion dollars? A year later and he has settled 15 percent of the requests? The need for additional documentation is straight out of the play books used by the Banks who refuse to engage in serious loan modification.
Gulf citizens treated the same as the Haitians. Are we surprised?
If Feinberg were the hero dispenser he’s touted to be, he’d write checks and dare BP to bounce them.
im sure if he pulled that one they would just go ahead and bounce his paycheck too.
Feinberg is an asshole to the nth degree. His only raison d’etre is to deny valid claims.
If the New Orleans experience of Katrina is anything to go by, it’s already over for the Gulf residents. Didn’t Obama make some early noise about repairing New Orleans? How’s that working out?
Oh.
I am amazed we haven’t seen more uproar from the cajun community.
They are tough mothers.
Yves Smith in Econned, pointed out that cost-benefit analysis is yet another way of screwing the poor. Her application of the principle was wrt 9/11, (iirc) which Feinberg was also in charge of.
Like everything else in the U.S., the application of harshness has gotten harsher with time. Feinberg has been well schooled.
I wrote in a comment earlier today that Haiti is the model for the U.S., delayed by several decades (or less). Learn the lesson.
This is another sick episode of America and how those that are up above the working man have it all.
What about all the people with the strange rashes and chemical pneumonia there? In the same breath BP is asking people to settle out of court and they will pay them quickly!
About as well as W’s promises.
No it is to make lotsa money from this..
http://www.youtube.com/watch?v=WtGrp5MbzAI
To get that done, any high school graduate claims person from the health care industry could have been hired, at considerably lower cost. I imagine Feinberg is there to convey the pretense he’s not doing what he seems to be doing: denying and going slow on paying claims, doing his darndest to keep each claim as low as possible and to keeping the whole business out of the news.
Refresh my recollection why BP should have any role in paying out claims? That’s almost like having Jack the Ripper provide counseling for victims of violent sex crimes.
Tough they may be, but crushed is defeated. And this has crushed them, I think. The whole institutional weight of corporate and government corruption and repression has fallen on them and they’re buried under it.
No doubt that is a trend of the future, for states and for cities too. It will continue until the warsters stop being all rogue and mavericky.
If I remember correctly, on his first visit to New Orleans, O did not get off the plane.
hah, thanks for the reminder