This section is background for visitors, and it is more important than individual daily stories. Please take the time to view the material that is presented. Note that if you would like to comment on any article at this site but wish to remain anonymous, you may comment using a fictitious name and e-mail address. Please add this site to your “Favorites,” and visit us often. We update daily; we’re free of annoying ads; there is no registration, and it’s all absolutely free. All comments are welcome; those with evidence especially so. NOTE: THIS SITE IS BEST VIEWED USING MOZILLA FIREFOX. THERE IS A SEARCH ENGINE PROVIDED AT THE TOP RIGHT OF THE PAGE. JUST PUT IN A KEY WORD OR WORDS AND A NEW WINDOW WILL OPEN THAT SHOWS ALL THE ARTICLES ON THAT TOPIC, YOU CAN ALSO SEARCH BY CATEGORY (HISTORY, SCIENCE, WAR, ETC.) AT THE TOP OF THE PAGE. IF YOU WANT TO SEND A PARTICULAR ARTICLE TO SOMEONE, JUST CLICK ON THE HEADLINE. A NEW WINDOW WILL OPEN UP WITH THAT ARTICLE, INCLUDING THE EXCERPT, THE LINKED URL, AND ANY COMMENTARY AND COMMENTS THAT MAY BE PRESENT. COPY AND PASTE THE URL OF THE NEW WINDOW IN YOUR E-MAIL. Be sure to check out the books in the newly updated Books and DVD section.
Shortly after BP’s oil disaster in the Gulf of Mexico began on April 20, 2010, one of the most politically well-connected attorneys in the United States was appointed to administer the $20 billion fund to, in theory, pay compensation to those harmed by BP’s catastrophe.
President Obama and BP’s chairman, Carl-Henric Svanberg, agreed that attorney Kenneth Feinberg should head the fund. Feinberg would later be chosen, also by Obama, to oversee the compensation of the top executives of the banks that were bailed out with US tax dollars in the wake of the 2008 financial crisis.
He has, almost needless to say, been accused of being a fox guarding a chicken house.
Feinberg’s firm was paid $1.25 million per month by BP – that we know of (Feinberg refused to disclose the full amount of his compensation and the details of his deal with BP) – to run the so-called Gulf Coast Claims Facility (GCCF).
In essence, BP paid Feinberg $1.25 million a month to limit their liability in the wake of the single largest marine oil disaster in US history.
Outrage against Feinberg escalated enough, that by December 2010, the Center for Justice and Democracy sent a letter to BP CEO Bob Dudley expressing concern over “serious new issues raised about the lack of transparency and potential conflicts of interest related to the administration of the Gulf Coast Claims Facility,” and pointed out the obvious conflict of interest:
Mr. Feinberg, employed by BP, has decided on his own authority that all claims recipients must release all companies who caused this disaster from any and all legal responsibility, no matter how grossly negligent they were. This sweeping release, which assigns victims’ claims to BP, benefits only one actor: BP – the company that happens to pay Mr. Feinberg’s salary.
Countless numbers of people along the Gulf Coast with claims against BP became increasingly enraged in their accusations that Feinberg was little more than a BP shill, and demanded that Feinberg stop claiming he was on their side, and not BP’s.
Shortly thereafter, in January 2011, the federal judge presiding over BP’s oil disaster litigation ruled that Feinberg was not independent of BP and could no longer claim he was, as Feinberg had been promising victims that he was their lawyer and did not answer to BP.
And now he is being sued by people he claimed to have represented against BP…
VERY interesting article.