Spill Here, Spill Now, Pay Later . . . or Not at All (Updated) 1
Michael Tomasky reports, in the Guardian, that Exxon still hasn’t finished paying off claims from the Exxon Valdez. A nugget:
. . . O’Neill says that his clients are still awaiting their late installments, 21 years on.
Do you really want that to happen to the people of the gulf? The Republican Party functionally does. They wouldn’t say it that way, . . . .
Addendum:
Jay Bookman in the Atlanta Journal-Constitution:
In fact, the parallels between the Gulf tragedy and Wall Street’s meltdown are manifold. The conditions that created one disaster created the other as well. In both cases, government regulators were declawed and seduced, greed-driven executives were freed to take big risks, industry hubris created a false sense of confidence and a disaster that we were assured could never happen did indeed happen.</blockquote>
June 21, 2010 at 12:21 pm
Actually, those that respect our existing laws would like any settlement to be through those laws or through laws legislated through Congress and ENFORCED by President Obama, not made behind closed doors with Obama, Holder and whoever had to show up from BP.
I would applaud if President Obama opened an investigation into why claims are still pending on the Exxon case.
But, that wouldn’t get him a fund controlled by one of his employees…….