Wow, sure seems like Ken’s getting defensive down in the Gulf… Defending himself against accusations that interim claims are not being paid, or are not enough, Ken Feinberg said, “I just think people should move on already. I mean, this is not a lifelong operation…I have no objection to people taking the interim payments, but I do think that there should be a recognition that … Continue reading Yep, its still the fishers fault, part 17…
In a column for KeysNet.com, a CPA relays his experiences with the GCCF, and what you will find is a professional organization working with the highest of ethics, a strong sense of mission and unimpeachable fairness, consistency and compassion for the aggrieved Gulf Coast. Oh wait, Feinberg didn’t write this column. This one was written by Larry Kendzior and what he tells of is frustration with an arbitrary system, one filled with error, false promise and … Continue reading A CPA’s view of the GCCF…
Ken Feinberg announced yesterday the oil spill fund has paid out $5 billion dollars to claimants to ensure the entire Gulf Coast region is made whole, and considering that British Petroleum put $7 billion dollars into an escrow account at the behest of Barack Obama and all things mea culpa, well kudos to you Ken! Damn good show! $5 out of $7 billion dollars spent … Continue reading 25% of $20 billion dollars is an F…for Feinberg
So, back in February of this year, I started to receive e-mails from people about a certain investigative company called Guidepost Solutions. The long and short of it is claimants were assured back then their Quick Pay Claims were a no-questions asked plan. Claimants, if they had received an EAP from the GCCF could file the paperwork, sign away their rights to sue BP, and … Continue reading Guidepost Solutions, revisited…
Feinberg just changed the rules again. On Tuesday, he added a rules modification to the GCCF claims process, designed to tighten payout criteria. “It is clear, that as time passes, it becomes increasingly difficult to determine whether changes in revenue and earnings are due to the oil spill or other factors,” the notice said. Clear…how clear exactly? 5% clear. Those (both business and individual) who continue … Continue reading Feinberg’s five percent modification…
Wow, sometimes Ken can’t buy a friend, whether it’s the politicians, the scientists or his boss…but hey, nobody ever said when it came to $20 billion dollars, giving away as little of it as possible would be easy. That’s why he’s getting the big bucks…$1.25 million dollars a month…but really, how much abuse can a guy take? As many are aware by now, last week … Continue reading Poor Feinberg: BP speaks, Jim Hood sues, and toxic bathtub rings, uh…ring.
In article after article on the spill and the GCCF, come the words, “slipping through the cracks,” in reference to the inevitability that some who have rightful claim to the British Petroleum compensation fund will be denied payment for any number of reasons…they couldn’t prove their physical ailments came as a result of exposure to the spill, they didn’t have the proper documentation, they didn’t … Continue reading Not one, is not unreasonable…
In some recent promotional items for the University of Pennsylvania – Wharton’s 2011 Leadership Conference, Ken Feinberg lets us all know about the risks of leadership, and he says: “You have to define risk with each situation. When I pay a fisherman, I find a payment that ends their concern, but what is the likely risk that the Gulf is safe? Have I factored into … Continue reading Ken Feinberg defines “risk” and “leadership”…
Kenneth Feinberg, neutral administrator of the GCCF, told a joint state House and Senate committee reviewing the claims process he hasn’t seen any scientific linkage of cleanup measures, like chemical dispersants, and health problems, “When it comes to cleanup and the respiratory claims, I think right now the medicine and science are lacking. I haven’t seen it in the claims,” Feinberg said. Sen A.G. Crowe, … Continue reading On Feinberg’s claims – regarding a lack of health claims…
A quick perusal of the GCCF’s current statistics on the claims process shows two very important things… 1. Quick payments are getting paid, unless a person find themself suddenly under investigation by Guidepost Solutions. 2. Still not getting paid are final payments and really not getting paid are interim payments. Making the news of late is the GCCF claims offices that are closing down throughout … Continue reading Reviewing a claim is not paying a claim…
Drake Toulouse: Photography and Words 