Tag Archives: 20 billion

THE BP 20B – IS IT OBAMA’S SLUSH FUND?

Only time will tell. Thus far it seems not. But the maneuver to get a 20 billion dollar reserve to be funded by BP and controlled by the Obama administration was a clever move indeed. BP supplies the money, Obama gets the credit.

Claimants will now come to Czar Feinberg who will dole out the money as Czar Feinberg sees fit. One wonders if the same criteria will be applied as in the selection of which GM car dealers to terminate. If your shrimp boat happens to be named The Sarah P you may be out of luck.

Here is the man you will come to for your share of the 20 billion. Sorry about the image. I am not very good at the graphics.

Bob B

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