As we mentioned this weekend, the BP oil spill has been capped (for the time being), and now we can fully focus on who needs to get paid. As with so many things, it’s Ken Feinberg’s world and we’re just living in it. Bloomberg reports:
Kenneth Feinberg, who is overseeing a $20 billion fund to pay damage claims from BP Plc’s oil spill, pledged to create a system “more generous and more beneficial” to spill victims than taking the company to court.
More generous than court? Ooohh, judicial system, Czar Feinberg is calling you out. You gonna just take that?