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Kenneth Feinberg and Piers Morgan Have Testy Exchange Over BP Victim Fund (VIDEO)

by Jeremy Taylor, posted Apr 20th 2011 6:10PM
Kenneth Feinberg is the government-appointed administrator of the $20 billion BP Deepwater Horizon Disaster Victim Compensation Fund. On the one-year anniversary of the disaster, he spoke on 'Piers Morgan Tonight' (weekdays, 9PM ET on CNN) about the difficulty of distributing the money: Only $3.8 billion has so far reached Gulf Coast fisherman and business owners.

Morgan repeatedly pointed out that because many fishermen only conduct business in cash, tit was a struggle to make an evidence-backed claim on lost earnings.

"I don't need the type of documentary evidence that you would get from a big corporation," Feinberg explained. "But I have moral a responsibility to make sure this program isn't simply just come-one, come-all ... Pay me on the basis of a handshake -- I can't do that."

Morgan pushed back, suggesting it would be better if Feinberg paid some people who didn't deserve it if that meant he could pay more people who did.

"I'd like to retain you as consultant to this fund, so that you can tell me what you think would be appropriate evidence that would allow me, in a principled way, to pay people who are entitled to this money. If you can come up with a way, I'm all ears," Feinberg said, getting testy.



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stenokat

Bull sh**! Still waiting for the check! They've devastated lives and things have been lost like cars and homes over their $uckup! You could never reimburse for the losses.

April 21 2011 at 5:36 AM Report abuse rate up rate down Reply

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