Sunday, July 25, 2010

No Money In BP Escrow Account

Now, why am I not shocked at this either? (huge laugh).

Ken Feinberg said today he hasn't been able to start writing claims checks because BP PLC has not yet deposited any money into the $20 billion escrow fund it promised to create.

Feinberg, who was appointed last month to administer individual and business claims stemming from the oil spill, held an early morning town hall meeting in Bayou La Batre on Saturday before meeting with the Press-Register editorial board in downtown Mobile.


"I don't want the checks to bounce," he said.

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