BP Lagging in Claim Payouts

Too little, too late: Kenneth R. Feinberg, Obama's appointee for the compensation fund for the Gulf oil disaster victims, has lambasted BP for being too slow in their payouts. “Do not underestimate the anger and frustration of people in the Gulf, the uncertainty of not knowing what they’ll receive and when they’ll receive it,” he said on CNBC on Monday, promising to speed up claim payouts. On CNN, Feinberg continued his critiques, saying that the $20 billion compensation fund would not be enough to cover all the damage claims: “The president made it clear he wants full compensation... The $20 billion might not be enough, maybe it will. Whatever it takes, these individuals and businesses must get paid.” BP's pockets better be deep, indeed: On Monday, feds stuck the energy giant with a $51.4 million bill, its third bill in nine weeks.