Obama's Money Man: No Major Corroboration of Eligibility Needed to Get Oil Spill Money – Video

Freedom's Lighthouse ^ | June 21, 2010 | Brian

[Federalist Patriot]

Here is video of Kenneth Feinberg – head of the “Oil Spill Compensation Fund” – saying people in the Gulf Region can file a claim with the Government and receive “emergency payments” without providing “the type of corroboration that would normally be provided.” Feinberg said they only need to provide “basic information,” which he did not explain.

He was asked if, by taking the funds, people were giving up their right to sue BP. Feinberg said “Absolutely not.” In no way are people giving up their right to sue BP by taking the “emergency funds.”

Exit Question: How long do you think those funds will last with this kind of loose control of who is eligible for the funds?

[Red_Devil 232]

Well ain't this just great. I can claim my 20 immaginary oyster leases have been destroyed by the oil and the two shrimp boats I had been meaning to buy have been put out of business.

[dmet]

I would think they would require past years Tax Returns as a fair way of determining loss.

But then that would be biased against those who don’t report income.

[Nachum]

The list, ping

[Nachum]

http://www.nachumlist.com/bp.htm

[tacticalogic]

Not to worry. There’ll be training seminars set up to coach ACORN operatives in what to put on the forms to help streamline the approval process.

[dartuser]

No potential for fraud here ... move along, nothing to see.

[9YearLurker]

Just what Obama needed—$20B of ‘walking around money’ to be spent in the South before the 2010 elections!

[Timocrat]

Exit Question: How long do you think those funds will last with this kind of loose control of who is eligible for the funds?

Let me guess. The first $4 Billion BP promised will be gone within a couple of months and then the regime will strongarm BP into re-filling the Escrow, and by the way BP don't bother asking for evidence of economic damage, if you were dumb enough to agree to this you deserve everything you get.

[DrC]

The top 15 MSAs on the Gulf coast appear to have about 15 million. If every single one applied, $20B would only provide about $1300 per person—not exactly enough to cover a year’s loss of income. Even if only 10% of these applied, $13K presumably wouldn’t stretch too far. I think BP’s in to get tagged for plenty more than $20B.