Remind me why we had to extort $20BB from BP again?

[CrusaderFrank]

I have little doubt that more oil will wash up in the coming months. Commerical fishing and oil exploration will be damaged for a long time. BP has saved billions in litigation costs by being forthcoming with payments. I think it makes an excellent case study on how a corporation should deal with a crisis. Some of it good, some of it not.

BP still has the bankruptcy weapon should Obama get too out of line.

How a corporation should deal with a crisis...in a dictatorship.

 

[saveliberty]

I have little doubt that more oil will wash up in the coming months. Commerical fishing and oil exploration will be damaged for a long time. BP has saved billions in litigation costs by being forthcoming with payments. I think it makes an excellent case study on how a corporation should deal with a crisis. Some of it good, some of it not.

BP still has the bankruptcy weapon should Obama get too out of line.

How a corporation should deal with a crisis...in a dictatorship.

That would be third world dicatorship. Thanks Mr. President.

 

[The T]

Yes, the NY Crime families settle their beefs the same way.

What utter nonsense.

BP was facing enormous civil court cases.

Still is, but at least they were smart enough to prove before-hand that they were going to be reasonable by agreeing to put $20 B in escrow to mitigate the civil damnages they are SURELY going to be responsible for.

Trying to construe this mutual agreement as something odious is, naturally, something only a right wing CRANK would believe.

They were treatened with CRIMINAL proceeding by Emperor Obama and Lord knows what else.

Did they get a waiver from any civil or criminal action as a result of agreeing to the escrow?

What? Was that a No?

Lest they forget the threats to keep the "boots on the neck" of BP?
And quite frankly? They apply this to any corporation they don't like.

 

[CrusaderFrank]

What utter nonsense.

BP was facing enormous civil court cases.

Still is, but at least they were smart enough to prove before-hand that they were going to be reasonable by agreeing to put $20 B in escrow to mitigate the civil damnages they are SURELY going to be responsible for.

Trying to construe this mutual agreement as something odious is, naturally, something only a right wing CRANK would believe.

They were treatened with CRIMINAL proceeding by Emperor Obama and Lord knows what else.

Did they get a waiver from any civil or criminal action as a result of agreeing to the escrow?

What? Was that a No?

Lest they forget the threats to keep the "boots on the neck" of BP?
And quite frankly? They apply this to any corporation they don't like.

Right!

I forgot about the "Jackboots on the neck!"

 

[mudwhistle]

Whatever happened to Libs getting all huffy about the "Imperial Presidency"?

Libs don't care about the law, or civil society, all they care about is Obama, praise be his Holy Name

Oh, BULLSHIT!

Like many liberals, I have my criticism of the Obama administration. As a matter of fact, the low approval rating of the President and congress is more due to dissatisfied liberals than any great increase in the number of conservatives.

The reason liberals do not harp on our criticism of the Obama administration and congress is that we are too busy arguing with a legion of semi-psychotic right wing nuts cases that are so far out of touch with reality that they obviously pose an incredible threat to this nation.

GET THE FUCK IN TOUCH WITH REALITY!

Since this is a Center-right country it seems the left is really out of touch.

 

[mudwhistle]

They were treatened with CRIMINAL proceeding by Emperor Obama and Lord knows what else.

Did they get a waiver from any civil or criminal action as a result of agreeing to the escrow?

What? Was that a No?

Lest they forget the threats to keep the "boots on the neck" of BP?
And quite frankly? They apply this to any corporation they don't like.

Right!

I forgot about the "Jackboots on the neck!"

Yes...remember GM, Chrysler, Toyota, AIG, Goldman-Sachs, BP, and numerous other unnamed companies that have fallen under the boot of this Administration.

 

[Mr Natural]

Whatever happened to Libs getting all huffy about the "Imperial Presidency"?

Libs don't care about the law, or civil society, all they care about is Obama, praise be his Holy Name

Oh, BULLSHIT!

Like many liberals, I have my criticism of the Obama administration. As a matter of fact, the low approval rating of the President and congress is more due to dissatisfied liberals than any great increase in the number of conservatives.

The reason liberals do not harp on our criticism of the Obama administration and congress is that we are too busy arguing with a legion of semi-psychotic right wing nuts cases that are so far out of touch with reality that they obviously pose an incredible threat to this nation.

GET THE FUCK IN TOUCH WITH REALITY!

Since this is a Center-right country it seems the left is really out of touch.

If it was a Center-right country , the Center-right would be in control.

 

[NYcarbineer]

Yes, the NY Crime families settle their beefs the same way.

What utter nonsense.

BP was facing enormous civil court cases.

Still is, but at least they were smart enough to prove before-hand that they were going to be reasonable by agreeing to put $20 B in escrow to mitigate the civil damnages they are SURELY going to be responsible for.

Trying to construe this mutual agreement as something odious is, naturally, something only a right wing CRANK would believe.

They were treatened with CRIMINAL proceeding by Emperor Obama and Lord knows what else.

Did they get a waiver from any civil or criminal action as a result of agreeing to the escrow?

What? Was that a No?

So you're opposed to prosecutors using the 'threat' of getting tough on criminal suspects in order to get cooperation from them? You would oppose for example, a DA going after drug dealers by putting pressure on possessors to name names to avoid the harshest treatment under the law?

 

[NYcarbineer]

Whatever happened to Libs getting all huffy about the "Imperial Presidency"?

Libs don't care about the law, or civil society, all they care about is Obama, praise be his Holy Name

Oh, BULLSHIT!

Like many liberals, I have my criticism of the Obama administration. As a matter of fact, the low approval rating of the President and congress is more due to dissatisfied liberals than any great increase in the number of conservatives.

The reason liberals do not harp on our criticism of the Obama administration and congress is that we are too busy arguing with a legion of semi-psychotic right wing nuts cases that are so far out of touch with reality that they obviously pose an incredible threat to this nation.

GET THE FUCK IN TOUCH WITH REALITY!

Since this is a Center-right country it seems the left is really out of touch.

And yet, magically, we have a left of center president, and a left of center Congress. And that's with it being common knowledge that the right turns out the vote better than the left.

That really is magic, isn't it? Or...it could be that your claim is nonsense.

 

[rightwinger]

What utter nonsense.

BP was facing enormous civil court cases.

Still is, but at least they were smart enough to prove before-hand that they were going to be reasonable by agreeing to put $20 B in escrow to mitigate the civil damnages they are SURELY going to be responsible for.

Trying to construe this mutual agreement as something odious is, naturally, something only a right wing CRANK would believe.

They were treatened with CRIMINAL proceeding by Emperor Obama and Lord knows what else.

Did they get a waiver from any civil or criminal action as a result of agreeing to the escrow?

What? Was that a No?

So you're opposed to prosecutors using the 'threat' of getting tough on criminal suspects in order to get cooperation from them? You would oppose for example, a DA going after drug dealers by putting pressure on possessors to name names to avoid the harshest treatment under the law?

The right wing is so soft on crime..

Thankfully, we have a tough President willing to stand up for the rights of the American people

 

[Valerie]

escrow

Definitions (2)
1. Documents, real estate, money, or securities deposited with a neutral third party (the escrow agent) to be delivered upon fulfillment of certain conditions, as established in a written agreement.

2. An account held by the lender into which a homeowner pays money for taxes and insurance.

escrow Definition

The president's effort to force BP to create the claims fund is the most aggressive use of presidential power since the crisis began. While that authority is not explicitly granted the government in the law dealing with oil spills, on the flight down to the Gulf aboard Air Force One Monday, White House Deputy Press Secretary Bill Burton said, "We're confident that we have the legal authority to compel BP to make sure that the folks that they have affected here are made whole. And we're also confident that we're going to be able to move forward on that. The signs from BP aren't that there is going to be a protracted legal battle over this or anything like that."

The president subsequently indicated that negotiations with BP are under way and that he expects something mutually satisfactory to be worked out by the time he and other administration officials meet at the White House

Terms of BP escrow account for oil spill claims being negotiated | NOLA.com

BP will put $20 billion into an independently managed account to cover economic damages related to the oil spill in the Gulf of Mexico, President Obama and company executives said Wednesday.

Obama announced the agreement after meeting with top BP executives at the White House to discuss the spill, which has become the worst environmental disaster in U.S. history.

Kenneth Feinberg, an attorney who served as special master of the 9/11 victims fund and advises Obama on Wall Street pay issues, will oversee the fund.

The creation of the fund does not mean BP's total payouts will be capped at $20 billion, officials said. Decisions about claims will be made initially by Feinberg. A three-judge panel will be available to consider appeals of Feinberg's decisions.

In addition, individuals, businesses or government entities unhappy with their payouts could pursue claims in court.

Obama said he is "absolutely confident" that BP will be able to meet its obligations and that the agreement "sets up a legal and financial framework for them to do it."

The fund, he said, "will provide substantial assurance that the claims people and businesses have will be honored."

BP agrees to place $20 billion in escrow for spill costs - Jun. 16, 2010

BP came to this agreement...What's the problem ?

 

[rightwinger]

Lest they forget the threats to keep the "boots on the neck" of BP?
And quite frankly? They apply this to any corporation they don't like.

Right!

I forgot about the "Jackboots on the neck!"

Yes...remember GM, Chrysler, Toyota, AIG, Goldman-Sachs, BP, and numerous other unnamed companies that have fallen under the boot of this Administration.

They all volunteered

And we are all better of for it. Thankfully we have a strong president who knows what to do in times of crisis

imagine if he had listened to the Republicans...we would still be in recession

 

[Richard-H]

Whatever happened to Libs getting all huffy about the "Imperial Presidency"?

Libs don't care about the law, or civil society, all they care about is Obama, praise be his Holy Name

Oh, BULLSHIT!

Like many liberals, I have my criticism of the Obama administration. As a matter of fact, the low approval rating of the President and congress is more due to dissatisfied liberals than any great increase in the number of conservatives.

The reason liberals do not harp on our criticism of the Obama administration and congress is that we are too busy arguing with a legion of semi-psychotic right wing nuts cases that are so far out of touch with reality that they obviously pose an incredible threat to this nation.

GET THE FUCK IN TOUCH WITH REALITY!

The reason liberals do not harp on our criticism of the Obama administration is because mindless Zombies always do their masters bidding

Obammmmmaaaaaaaaaaaaaaa

Obamaaaaaaaaaaaaaaaaaa

Obamaaaaaaaaaaaaaaaaaaaa

Obama has turned us into a Monarchy, he need not consult the Senate or the People, Obama knows best

C'mon, that's just plain silly.

Grow up.

 

[Richard-H]

Do you ever get the idea that alot of these wingnuts (like Frank), know very well that Liberals are right, but they just get their jollies jerking us around?

That wouldn't be so bad, except for the fact that there has got to be millions of winguts that actully believe their bullshit - and that's really dangerous for this country.

 

[Mr Natural]

Poor BP, they're the real victims here.

The Gulf Coast fishing and tourist industry will eventually recover but that $20 billion that Obama extorted is lost and gone forever along with poor Mr. Haywards' job.

 

[rightwinger]

Do you ever get the idea that alot of these wingnuts (like Frank), know very well that Liberals are right, but they just get their jollies jerking us around?

That wouldn't be so bad, except for the fact that there has got to be millions of winguts that actully believe their bullshit - and that's really dangerous for this country.

Keep in mind...Frank has an agenda

He will never let the facts get in the way of his agenda

 

[The T]

Lest they forget the threats to keep the "boots on the neck" of BP?
And quite frankly? They apply this to any corporation they don't like.

Right!

I forgot about the "Jackboots on the neck!"

Yes...remember GM, Chrysler, Toyota, AIG, Goldman-Sachs, BP, and numerous other unnamed companies that have fallen under the boot of this Administration.

And how many more are targeted by Obama and his merry band of Statists?

I'd say if you have a company? You aren't safe. PERIOD.

Until the country wakes the Hell up and rids themselves of these people.

 

[saveliberty]

Do you ever get the idea that alot of these wingnuts (like Frank), know very well that Liberals are right, but they just get their jollies jerking us around?

That wouldn't be so bad, except for the fact that there has got to be millions of winguts that actully believe their bullshit - and that's really dangerous for this country.

WARNING: Reading this post may hurt your feelings.

Not in the least. Actually I think there a bunch of liberals who think they have helped billions of people around the world through their victim ideology. That their minds have accepted taking from others is fair and just. The other thing is... if there are millions us, that probably makes you a loon.

 

[HUGGY]

Occasionaly we need to respond to pressing issues like being attacked or unforeseen disaster. That is the domain of the executive.

This one is a very piss poor one. The man is a Thug.

Please name one effective elected leader that was not assertive.

 

[NYcarbineer]

escrow

Definitions (2)
1. Documents, real estate, money, or securities deposited with a neutral third party (the escrow agent) to be delivered upon fulfillment of certain conditions, as established in a written agreement.

2. An account held by the lender into which a homeowner pays money for taxes and insurance.

escrow Definition

The president's effort to force BP to create the claims fund is the most aggressive use of presidential power since the crisis began. While that authority is not explicitly granted the government in the law dealing with oil spills, on the flight down to the Gulf aboard Air Force One Monday, White House Deputy Press Secretary Bill Burton said, "We're confident that we have the legal authority to compel BP to make sure that the folks that they have affected here are made whole. And we're also confident that we're going to be able to move forward on that. The signs from BP aren't that there is going to be a protracted legal battle over this or anything like that."

The president subsequently indicated that negotiations with BP are under way and that he expects something mutually satisfactory to be worked out by the time he and other administration officials meet at the White House

Terms of BP escrow account for oil spill claims being negotiated | NOLA.com

BP will put $20 billion into an independently managed account to cover economic damages related to the oil spill in the Gulf of Mexico, President Obama and company executives said Wednesday.

Obama announced the agreement after meeting with top BP executives at the White House to discuss the spill, which has become the worst environmental disaster in U.S. history.

Kenneth Feinberg, an attorney who served as special master of the 9/11 victims fund and advises Obama on Wall Street pay issues, will oversee the fund.

The creation of the fund does not mean BP's total payouts will be capped at $20 billion, officials said. Decisions about claims will be made initially by Feinberg. A three-judge panel will be available to consider appeals of Feinberg's decisions.

In addition, individuals, businesses or government entities unhappy with their payouts could pursue claims in court.

Obama said he is "absolutely confident" that BP will be able to meet its obligations and that the agreement "sets up a legal and financial framework for them to do it."

The fund, he said, "will provide substantial assurance that the claims people and businesses have will be honored."

BP agrees to place $20 billion in escrow for spill costs - Jun. 16, 2010

BP came to this agreement...What's the problem ?

The problem is the right doesn't like the true story, so, as is their modus operandi nowadays, they simply make up a new story that better pleases them.