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

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

$14 Billion Dollars Returned to BP, Feinberg Estimates

In a recent article about the $20 billion dollar escrow account and claims process, Ken Feinberg estimated that after all is said and done, he will have paid out 6 billion of the BP Oil Spill trust fund, and he will then return the remaining $14 billion dollars to British Petroleum. These are surprising numbers, especially when you consider the amount of displeasure and suffering in … Continue reading $14 Billion Dollars Returned to BP, Feinberg Estimates

Drake ToulouseNovember 24, 2010November 24, 20104 Comments

British Petroleum, Disenfranchised, Escrow Account, Ken Feinberg, New Orleans, Oil Spill

Ken Feinberg Playing Financial and Emotional Hardball

All affected by the BP Oil Spill Catastraphuk have a quickly approaching deadline to face. Tomorrow, November 24th is the last day to file for emergency payments from British Petroleum’s $20 billion dollar escrow. Beginning Thursday the choices they face become much more difficult and the rhetoric from the “neutral” arbitrator, Ken Feinberg appears designed to increase the pressure in an already pressurized situation. Originally, … Continue reading Ken Feinberg Playing Financial and Emotional Hardball

Drake ToulouseNovember 23, 2010November 23, 20101 Comment

British Petroleum, Class War, Disenfranchised, Gulf Coast, Ken Feinberg, Oil Spill

Now, BP wants claimants’ legal rights to sue other companies

To sue or not to sue, this has been a question on the minds of many in the Gulf Coast. As things currently stand, if a claimant accepts a final payment from the $20 billion dollar escrow fund being run by Ken Feinberg, that claimant gives up their right to sue for punitive damages, but in a new rule being considered by Feinberg, these claimants … Continue reading Now, BP wants claimants’ legal rights to sue other companies

Drake ToulouseNovember 18, 2010November 18, 2010Leave a comment

Barack Obama, British Petroleum, Control the Information, Disenfranchised, Gulf Coast, Ken Feinberg, New Orleans, Oil Spill, Supression of Science, Thad Allen

Good News and Bad News…

What say you…good news first? Okay, the good news: British Petroleum, in compliance with Judge Barbier has given their official decision on whether they will or will not seek to use the $75 million dollar liability cap as a way to contain the financial bleeding. They have opted to fulfill at least one promise and not use the cap. They will pay all judgments made … Continue reading Good News and Bad News…

Drake ToulouseOctober 21, 2010October 21, 2010Leave a comment