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Obama Gets Commitment from BP to deposit $20 Billion into Escrow

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Following a meeting with BP executives at the White House, it is reported that BP has agreed to deposit $20 billion into an escrow account to cover liabilities.

Ken Feinberg, who administers the TARP fund, will administer this account.

Already, news anchors are questioning whether that will be near enough to pay for lost income, lost rent, hotel room receipts, etc.


 

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And 11 people dead.... by Mystic Wizard on Wednesday, Jun 16, 2010 at 2:31:06 PM
It's 20 billion over 4 YEARS by Scott Baker on Wednesday, Jun 16, 2010 at 4:04:31 PM
The assumption is BP's most recent quarter.... by Mystic Wizard on Thursday, Jun 17, 2010 at 8:32:44 AM
My take on the $20b by TomK on Wednesday, Jun 16, 2010 at 5:45:18 PM
Short Answer by Paul from Potomac on Wednesday, Jun 16, 2010 at 6:36:42 PM
Pre-emptive Bailout by aberamsay on Thursday, Jun 17, 2010 at 3:06:02 AM
If it were enough,... by John Sanchez Jr. on Thursday, Jun 17, 2010 at 7:31:57 AM
Ironic by Paul from Potomac on Thursday, Jun 17, 2010 at 1:54:22 PM
Petty cash for them by Dave Kisor on Thursday, Jun 17, 2010 at 5:27:22 PM
More Scared by the Day by Miriam Callaghan on Thursday, Jun 17, 2010 at 5:42:40 PM
No authority was required,... by John Sanchez Jr. on Friday, Jun 18, 2010 at 8:05:06 AM