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Bumpy Start To BP Fund Puzzles Gulf

First Posted: 10/20/10 08:06 AM ET Updated: 05/25/11 07:05 PM ET

Bp Fund
BP oil spill fund administrator Kenneth Feinberg listens to citizens complaints about the system during a town meeting in Orange Beach, Ala., Wednesday, Sept. 15, 2010. (AP Photo/Dave Martin)

Wall Street Journal:

The last Saturday night in September, Timothy Farris shut down his Godfather's Pizza restaurant here in this small Gulf Coast beach town, a victim, he says, of the dismal tourist slump that accompanied oil and tar balls washing ashore from the giant BP spill.

Mr. Farris had applied for $258,000 in emergency compensation from a $20 billion fund the oil company set up to help stricken businesses. But weeks had passed without a verdict on whether he would get anything, and he couldn't afford to stay open any longer, he says.

Read the whole story: Wall Street Journal


Filed by Adam J. Rose  |