Sen Specter to Introduce Asbestos Bill Shortly(Halliburton protected again

[Robbien]

WASHINGTON (Reuters) - The Republican author of a plan to create a U.S. fund to compensate asbestos victims said on Monday he expected to introduce legislation in the next few days, while a key Democrat indicated the plan would have bipartisan support.

"It's my expectation to introduce a bill in the next day or two or three," Pennsylvania Republican Sen. Arlen Specter told reporters after meeting a half-dozen Senate Democrats about the plan. Specter, chairman of the Senate Judiciary Committee, said the Democrats were "very much interested in getting a bill." Specter also hoped for support from other Republicans, and planned a meeting with Judiciary Committee Republicans on Tuesday. Asbestos is linked to cancer and other diseases. Thousands of injury claims have forced many companies into bankruptcy.

Specter has been negotiating with members of both parties on a draft proposal for a $140 billion fund to pay asbestos claims, while ending the right of victims to sue. The fund would be financed by companies facing asbestos lawsuits and their insurers, who would be rewarded by having their liability capped.

California Democrat Sen. Dianne Feinstein, who spoke separately to reporters after the meeting with Specter, said she anticipated supporting the legislation, but wanted to see the written version which he would circulate on Tuesday

http://abcnews.go.com/Politics/wireStory?id=661267

[saigon68]

1. "Pesky" trial lawyers stymied again

Alternative HEAD LINE

DINOS trip over each other and RUSH in to protect corporate thugs and hoodlums


Feinwad states capitalist hooligans must make "unfettered profits".

My Take: Its enough to PUKE

[Festivito]

2. Corporate profit is MORE important than personal lives.

The POOR company, purchased a cheap floundering company and underestimated the cost of the pending HARM it caused. (Or, did they bet on a political gambit -- this.) So, taxpaying represented to the rescue. POOR company. POOR company.

We'll just have those dying ex-workers die on MEDICAID. (Provided Medicaid still exists in a few years.)

On to a bigger and better yacht!!! Reward companies who think they can take over a company's assets and FORGET about its liabilities. After all, it's only THOSE people.