The $20B fund is to pay for damage claims filed by individuals, correct?

[Cant trust em]

This isn’t a fund to pay for overall clean up and containment, but to make rather to make whole those persons affected by the spill, covering lost income, etc. Am I reading this right?

[Raven]

1. That's how I understand it. For the "small" people. :-)

[Xipe Totec]

2. And the Munchkins rejoiced!

[Aramchek]

3. correct. BP pays all cleanup costs separately

there is also a 100 million dollar fund for people who are out of work due to the drilling moratorium

[sandnsea]

4. The fines are definitely separate

There's also a separate fund for people who lose jobs due to the moratorium.

[Stuart G]

5. It will not be enough..you will see. we will need at least ten

times that..200 Billion ..BP will be gettting away.with murder..oh, that is what they did..didn't they?

[Laelth]

6. That is my understanding as well. n/t

:dem:

-Laelth

[Diamonique]

7. Correct. And the $20B isn't the maximum... it's just the beginning. n/t

[HooptieWagon]

8. I believe that is the case.

The money going for direct damages, lost income, etc. BP is still liable for cleanup costs and restoration (as much as possible), and has already paid money to State tourism agencies and for scientific research (monitoring spill, effects, etc).

[stray cat]

9. Why did Obama do something that helps people instead of just raging

he has thrown all good people under the bus by acting rather than moaning :cry:

[MiniMe]

10. The state and federal goverments wil deal with BP directly

They are not part of this fund.