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The Treasury Department has been slow to set up rules for its Gulf Coast trust fund, potentially...

The Treasury Department has been slow to set up rules for its Gulf Coast trust fund, potentially delaying billions of dollars in payments to repair economic and environmental damages from the 2010 Deepwater Horizon oil spill, the department's inspector general says. Last month, the fund received its first payment - $320M from Transocean (RIG) - which is now accruing interest.
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Comments (3)
    , contributor
    Comments (37) | Send Message
    I hope that the Treasury is slow , because they are going carefully through the claims to weed out the takers ,who want something for nothing!! Isn't ot fact that BP has already released billions to restore the Gulf & those who has proved losses.
    18 Apr 2013, 10:15 PM Reply Like
  • Billbo99
    , contributor
    Comments (14) | Send Message
    Went deep sea fishing a year after the deep well event and talked with the Captain of our boat. She said everything was fine until the govt stepped in to run the repayment operations and then everything stopped. She talked about BP as a good company who made monthly payments and updated those affected on a regular basis. And now 3+ years later she is still waiting for final settlement. So I say judges lets get this thing settled and let people and BP get on with their lives.
    19 Apr 2013, 12:57 PM Reply Like
  • daphnex2
    , contributor
    Comments (130) | Send Message
    Unfortunately the judge seems to love this case and seems to want to drag it on as long as possible. Slow drip torture for BP.
    19 Apr 2013, 02:39 PM Reply Like
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