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Kenneth Feinberg

Oil Spill Claims Based On Assumption That Gulf Will Recover In 3 Years

AP | HARRY R. WEBER and BRIAN SKOLOFF | Posted 05.25.2011 | Green

NEW ORLEANS — The administrator of the $20 billion compensation fund for Gulf oil spill victims is not independent from BP and must stop telling...

Oil Spill Threatens Way Of Life For American-Indian Fishing Villages

AP | CAIN BURDEAU | Posted 05.25.2011 | Green

MONTEGUT, La. — Even before oil began spewing into the Gulf of Mexico last spring, Louisiana's American-Indian fishing villages were on the brin...

Out Of 91,000 Gulf Oil Spill Claims, Only 1 Final Payment Issued

AP | BRIAN SKOLOFF | Posted 05.25.2011 | Green

OCEAN SPRINGS, Miss. — BP's compensation fund for Gulf oil spill victims has issued a final settlement payment to just one of the thousands of p...

Oil Spill Fund Plagued With Over 7,000 Fraudulent Claims

AP | BRIAN SKOLOFF and HARRY R. WEBER | Posted 05.25.2011 | Green

NEW ORLEANS — The $20 billion fund responsible for compensating victims of BP's Gulf of Mexico oil spill has received more than 7,000 potentiall...

Security Increased For Oil Spill Claims Meetings In Wake Of Shooting

AP | BRIAN SKOLOFF | Posted 05.25.2011 | Green

ORANGE BEACH, Ala. — The shooting of an Arizona congresswoman and rising tempers along the Gulf Coast prompted increased security for meetings o...

Oil Spill Claimants Offered Quick Pay Option With A Catch

AP | BRIAN SKOLOFF | Posted 05.25.2011 | Green

OCEAN SPRINGS, Miss. — The administrator of a $20 billion fund doling out money to Gulf oil spill victims said Monday that people who want more ...

BP Spill Fund Slowed By Inflated Claims, Fraud, Administrator Says

AP | BRIAN SKOLOFF | Posted 05.25.2011 | Business

ORANGE BEACH, Ala. — BP's $20 billion fund to compensate victims of the Gulf oil spill has been inundated with inflated or unsupported claims an...

Broken Promises: Gulf Claims Process Falling Short Of Goals After Government Takeover

ProPublica | Posted 05.25.2011 | Green

Signs are emerging that Feinberg's goals -- particularly his pledge to respond to personal claims for emergency payments within 48 hours -- may be ove...

President Should Stop BP Administrator Feinberg From Helping The Chamber Of Commerce

Jamie Court | Posted 05.25.2011 | Politics
Jamie Court

Why is President Obama letting one of his most important appointees give credibility to his biggest opponent and the BP spill victims' greatest enemy, the Chamber of Commerce?

William Alden

Kenneth Feinberg, Former Pay Czar, Admits Contradiction In His TARP Role

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

Testifying before the Congressional Oversight Panel on Thursday, Kenneth Feinberg came close to admitting that he had failed in his job as pay czar, s...

Bumpy Start To BP Fund Puzzles Gulf

Wall Street Journal | Posted 05.25.2011 | Green

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...

BP Claims Czar: Oil Spill Victim Payments No Longer Affected By Proximity

AP | Posted 05.25.2011 | Green

OCEAN SPRINGS, Miss. — The administrator of the fund doling out money to Gulf of Mexico oil spill victims says geographic proximity to oil-impac...

Many Denied Oil Spill Claims Will Get A Second Chance

AP | Posted 05.25.2011 | Green

OCEAN SPRINGS, Miss. — The administrator of BP's $20 billion fund to compensate people harmed by the Gulf of Mexico oil spill says some whose cl...

The Well Is Capped, But BP Saga Continues

Gibson Vance | Posted 05.25.2011 | Business
Gibson Vance

It's important to remember that BP is not showing magnanimity by participating in a compensation program -- fund or no fund, they are legally obligated to pay for damages caused by their explosion and spill.

Goldman's CEO Made $125M In Bonuses Over Past Decade

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Lloyd Blankfein, CEO of Goldman Sachs, took home $125 million in cash bonuses over the past decade, Bloomberg reports. Shareholders, however, haven'...

BP Spill Fund Czar Rules That Cleanup Workers' Wages Can't Be Counted Towards Damages To Their Own Businesses

AP | Posted 05.25.2011 | Green

NEW ORLEANS — The administrator of the fund for victims of the Gulf of Mexico oil disaster says he will waive a requirement that wages earned by...

Lehman Lawyer Fees Close To $2 Billion

DailyFinance | MELLY ALAZRAKI | Posted 05.25.2011 | Business

It seems there are always those who gain from others' misery. In this case, the lawyers and accountants circling Lehman Brothers stand to make more th...

BP Claims Czar May Give Spill Victims A Big Concession

AP | HARRY R. WEBER | Posted 05.25.2011 | Business

HOUMA, La. — The administrator of the $20 billion compensation fund for victims of the Gulf oil spill said Monday he might waive the current req...

Kenneth Feinberg, Gulf Oil Fund Czar, Has Biggest Challenge Yet

Mother Jones | Kate Sheppard | Posted 05.25.2011 | Politics

Kenneth Feinberg is used to tough jobs. But his latest task--determining how to dole out the $20 billion BP is putting up to compensate victims of the...

Gulf Oil Spill Victims May Be Able to Sue Some Companies

Bloomberg | Jim Snyder | Posted 05.25.2011 | Business

Aug. 23 (Bloomberg) -- Kenneth Feinberg, who today will start drawing from a $20 billion escrow fund for Gulf oil spill victims, hasn't decided whethe...

New Guidelines Could Rule Out Many Oil Spill Claims

Posted 05.25.2011 | Business

MIAMI (Associated Press) - A flower shop in Florida that saw a drop-off in weddings this summer is probably out of luck. So is a restaurant in Idaho t...

In Shakeup, Incoming Spill Claims Czar Will Drop BP's Contractor

Pro Publica | Sasha Chavkin | Posted 05.25.2011 | Politics

This piece originally appeared in Pro Publica. Kenneth Feinberg, the independent paymaster chosen by President Obama to administer damage claims fr...

Feinberg: BP Is Stalling Payments To Victims

CNBC | Reuters | Posted 05.25.2011 | Business

British energy giant BP is holding up payments to economic victims of the Gulf of Mexico oil spill, Kenneth Feinberg, administrator of a $20 billion c...

The Administration's "Pay Czar" Soft Pedaling Bank Bonuses as "Ill Advised." What Is This Man Talking About?"

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Feinberg is permitting the $1.6 billion he identified as "ill advised" payments to sit cozily in bankers bank accounts, monies that could well be deemed taxpayer gratuities, and with Feinberg counting, one could well imagine the sums are far greater.

Shahien Nasiripour

Pay Czar Names 17 Banks That Paid Huge Bonuses After Being Bailed Out

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The federal overseer entrusted with investigating Wall Street pay has declined to take action, arguing that the public wouldn't be served by going aft...