$20 Billion Escrow ~ Liability Limiting for BP https://blogs.lotterypost.com/konane/2010/6/20-billion-escrow-liability-limiting-for-b.htm konane's Blog: $20 Billion Escrow ~ Liability Limiting for BP en-us Lottery Post RSS Generator Comment #6 https://blogs.lotterypost.com/konane/2010/6/20-billion-escrow-liability-limiting-for-b.htm#c50887 https://blogs.lotterypost.com/konane/2010/6/20-billion-escrow-liability-limiting-for-b.htm#c50887 Tue, 22 Jun 2010 20:54:00 GMT konane <br />Yep setting up shop, licking their chops .... sure beats chasing ambulances.

]]> konane Comment #5 https://blogs.lotterypost.com/konane/2010/6/20-billion-escrow-liability-limiting-for-b.htm#c50886 https://blogs.lotterypost.com/konane/2010/6/20-billion-escrow-liability-limiting-for-b.htm#c50886 Tue, 22 Jun 2010 20:51:13 GMT konane Thanks Sully! Although presented as a victory, BP limited its liabilities and the rest of the clean up is on our backs to pay for. Big surprise .... NOT!

]]> konane Comment #4 https://blogs.lotterypost.com/konane/2010/6/20-billion-escrow-liability-limiting-for-b.htm#c50883 https://blogs.lotterypost.com/konane/2010/6/20-billion-escrow-liability-limiting-for-b.htm#c50883 Tue, 22 Jun 2010 19:45:05 GMT sully16 I wonder if theres a watchdog group checking out the plant life where the gulf rain has been falling?

]]> sully16 Comment #3 https://blogs.lotterypost.com/konane/2010/6/20-billion-escrow-liability-limiting-for-b.htm#c50882 https://blogs.lotterypost.com/konane/2010/6/20-billion-escrow-liability-limiting-for-b.htm#c50882 Tue, 22 Jun 2010 19:33:49 GMT JAP69 I was reading yesterday or so where big shot lawyers are setting up shop along the coast.

]]> JAP69 Comment #2 https://blogs.lotterypost.com/konane/2010/6/20-billion-escrow-liability-limiting-for-b.htm#c50881 https://blogs.lotterypost.com/konane/2010/6/20-billion-escrow-liability-limiting-for-b.htm#c50881 Tue, 22 Jun 2010 19:31:30 GMT JAP69 I sorta made that assumption with my comment to Sully in my blog. File your claim and it could come with agreements when you sign. Get cash up front instead of years of litigation. No money if you are going to sue.

]]> JAP69 Comment #1 https://blogs.lotterypost.com/konane/2010/6/20-billion-escrow-liability-limiting-for-b.htm#c50880 https://blogs.lotterypost.com/konane/2010/6/20-billion-escrow-liability-limiting-for-b.htm#c50880 Tue, 22 Jun 2010 19:30:32 GMT sully16 wow, and lawsuits could take years, in the mean time lets all go golfing and yachting, wouldn't want to worry about how people will feed there children or pay their bills, and you know what the real slap in the face will be, is most of these people will have made to much money this year to qualify for food stamps. we've got illegals to feed first.

]]> sully16 Original Blog Entry: $20 Billion Escrow ~ Liability Limiting for BP https://blogs.lotterypost.com/konane/2010/6/20-billion-escrow-liability-limiting-for-b.htm https://blogs.lotterypost.com/konane/2010/6/20-billion-escrow-liability-limiting-for-b.htm Tue, 22 Jun 2010 18:43:25 GMT konane Score 1 for BP's attorneys .... 0 for Obama's 'ass-kicking' dog and pony show.

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Uh Huh - So It IS A Liability-Limiting Thing

Source The Market Ticker

If you're wondering why BP agreed to the $20 billion escrow fund, wonder no more....

In the end, one aim of the fund and a prime reason BP agreed to it will be to minimize lawsuits against the company. To do that, Mr. Feinberg will offer big lump-sum payments to workers and businesses as an enticement to stay out of court.

At some point, I will have to make an offer 'You take this amount in full satisfaction of your claim, but only if you waive your right to future litigation,' Mr. Feinberg said. And if I package it right, people will see that it makes no sense to fight it out in court.

Ding ding ding ding. ..........

http://market-ticker.org/archives/2436-Uh-Huh-So-It-IS-A-Liability-Limiting-Thing.html

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