British Petroleum, Class War, Escrow Account, Gulf Coast, Ken Feinberg, Oil Spill

GCCF Follies from the Times-Picayune…

Two interesting articles about the operations from the Gulf Coast Claims Facility in the Times Picayune yesterday, discussing some of the problems many of the fishermen have been having in their attempts to receive compensations from the fund, and some of Feinberg’s responses to these problems. Some highlights: On the plight of Elmer Rogers, a shrimper who has been waiting for compensation since August: “If … Continue reading GCCF Follies from the Times-Picayune…

Drake ToulouseDecember 22, 2010December 22, 2010Leave a comment

British Petroleum, but what a charmer, Coast Guard, Disenfranchised, Escrow Account, Gulf Coast, Ken Feinberg, Oil Spill

USF, Coast Guard and Feinberg…Who You Wanna Believe?

When it comes to long term damage to the Gulf of Mexico from BP’s oil spill, the University of South Florida, the Coast Guard and even Ken Feinberg have offered their expert and not so expert opinions. The University of South Florida, in a recent study found layers of residue up to several centimeters thick in spots that span across several thousand miles of the … Continue reading USF, Coast Guard and Feinberg…Who You Wanna Believe?

Drake ToulouseDecember 21, 2010December 21, 20101 Comment

British Petroleum, Class War, Disenfranchised, Escrow Account, Ken Feinberg, Oil Spill

Gulf Coast Attorneys General Warn Against Feinberg’s Quick Settlement Option

Louisiana Attorney General, Buddy Caldwell, in conjunction with the Attorneys General’s of Mississippi, Florida and Alabama have warned that Feinberg’s third option may not be the best move for everybody. “Claimants considering making a quick final payment claim should also evaluate whether their total damages exceed the set amount offered…even if an unforeseen event such as a future hurricane causes more oil from the spill … Continue reading Gulf Coast Attorneys General Warn Against Feinberg’s Quick Settlement Option

Drake ToulouseDecember 20, 2010December 20, 20102 Comments

British Petroleum, Control the Information, Escrow Account, Gulf Coast, Ken Feinberg, Oil Spill

BP, Feinberg and $4 Billion Dollars

As a result of the Federal lawsuit against British Petroleum for violations of the Clean Water Act and Oil Pollution Act, estimates are the resulting fine for British Petroleum could be between $5 and $20 billion dollars, depending primarily upon whether BP is found grossly negligent in the explosion of the Deepwater Horizon. Though these numbers have been written about for months, according to an … Continue reading BP, Feinberg and $4 Billion Dollars

Drake ToulouseDecember 18, 2010December 18, 20105 Comments

British Petroleum, Control the Information, Escrow Account, Gulf Coast, Ken Feinberg, Oil Spill

In Denial – BP said “Yes,” GCCF told her “No.”

“The GCCF takes into account evidence of the connection between the asserted loss and the spill, the nature of the claimant’s job or business, and the extent to which the claimant’s job or business is dependent upon injured property or natural resources,” the letter stated. “In weighing these factors, the GCCF has determined that you did not demonstrate that you lost profits or income as … Continue reading In Denial – BP said “Yes,” GCCF told her “No.”

Drake ToulouseDecember 15, 2010December 15, 20102 Comments

British Petroleum, Control the Information, Disenfranchised, Escrow Account, Gulf Coast, Ken Feinberg, Oil Spill

Next Stop on the Feinberg Exploitation Tour…quick payments, just in time for Christmas

For the 170,000 claimants who’ve already received an emergency payout and are deciding between a final payment or to continue applying for interim payments, Ken Feinberg, arbitrator of the $20 billion dollar BP oil spill fund, has come up with his newest option: the quick payment. This would provide $5000 dollars to individuals and $25,000 dollars to businesses within two weeks, no further documentation needed … Continue reading Next Stop on the Feinberg Exploitation Tour…quick payments, just in time for Christmas

Drake ToulouseDecember 14, 2010December 14, 20101 Comment

British Petroleum, Disenfranchised, Escrow Account, Gulf Coast, Ken Feinberg, Oil Spill

Feinberg fights back in the press…and blows it.

Kenneth Feinberg, the arbitrator of BP’s oil spill fund, has forwarded twelve names to the Justice Department for fraudulently attempting to get money from the claims fund as reported in the Wall Street Journal, The New York Times and Bloomberg. Not only this, his legal team is currently examining 2000 other claims they suspect to be fraudulent. Said Feinberg, “The fund is working closely with the … Continue reading Feinberg fights back in the press…and blows it.

Drake ToulouseDecember 11, 2010December 11, 2010Leave a comment

British Petroleum, but what a charmer, Escrow Account, Gulf Coast, Ken Feinberg, Oil Spill

Feinberg out smoking a cigarette while 100,000 claims denied in ten days

December 15th is looking to be a disappointingly memorable day for citizens of the Gulf Coast. This is the deadline when all emergency claims to BP’s $20 billion fund must be processed and since August 23rd when Kenneth Feinberg took over the fund from British Petroleum, he has denied 173,000 claims including 100,000 in the past seven days alone. Documentation, documentation…documentation.. “The number of denied … Continue reading Feinberg out smoking a cigarette while 100,000 claims denied in ten days

Drake ToulouseDecember 8, 2010December 8, 20101 Comment

Bobby Jindal, British Petroleum, David Vitter, Disenfranchised, Escrow Account, Gulf Coast, Ken Feinberg, Oil Spill

FL, MS, TX and LA…Get Loud!

On Thursday morning, Ken Feinberg brought adjusters from his Gulf Coast Claims Facility in Washington DC down to Gulfport, Alabama to meet one on one with a group of business owners and discuss their claims in person. When the meetings were over, Feinberg said “Alabama’s been a sore point, this area has been an area where there’s been a good deal of constructive criticism leveled … Continue reading FL, MS, TX and LA…Get Loud!

Drake ToulouseDecember 3, 2010December 3, 2010Leave a comment

British Petroleum, Disenfranchised, Escrow Account, Gulf Coast, Ken Feinberg, Oil Spill

Ken Feinberg doing his best to make BP look better…

I’ve written a number of things about Ken Feinberg in the past, but one of the many things that continues to stick in my mind is in regards to the $20 billion dollar escrow account, and how Feinberg predicted that after all is said and done, he will pay out $6 billion dollars and the remaining $14 billion dollars will be given back to British … Continue reading Ken Feinberg doing his best to make BP look better…

Drake ToulouseDecember 1, 2010December 1, 20101 Comment