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Feinberg’s Millions

Earlier today I was listening to Jason Leopold talking about BP on The Shannyn Moore Show and I decided to google Kenneth Feinberg, the guy in charge of deciding and paying claims against BP for their seemingly intentional oil spill in the Gulf of Mexico this year.  Honestly I was just trying to remember his name, so I was surprised when the first hit on google was this AP story from last week:

Law firm of BP claims czar paid $3.3M so far



The law firm of Kenneth Feinberg, the man in charge of BP’s $20 billion compensation fund for Gulf oil spill victims, has so far been paid about $3.35 million from BP PLC.

The Gulf Coast Claims Facility, which was set up to compensate fishermen, business owners and other Gulf Coast victims of the April 20 BP well blowout, said Thursday that BP agreed to pay Feinberg’s firm $850,000 a month starting in mid-June.

The firm will continue to receive the fee monthly from BP through the end of the year, after which the contract will be reviewed.

President Barack Obama tapped Feinberg, who previously oversaw 9/11 victim payments, to run the BP claims fund, which the London-based company created under government pressure.

It’s nice to see that BP is paying someone for the devastation they caused in the Gulf, too bad it is a lawyer from Washington DC.  Not one fisherman is ever going to see that kind of payment, especially when the guy in charge of saying who gets money is pulling in $850,000 a month.  Doesn’t really seem like there is a lot of incentive there for Mr. Feinberg to expediate the claims process.  You don’t have to look far from here to see that the oil companies are in no hurry to pay their debt, and it looks like they have bought an accomplice.

For those that don’t know who Feinberg is, he is the guy who made sure veterans affected by Agent Orange in Vietnam only got $1200, that women who were left permanently infertile by the Dalkon Shield only got $725 from the company that put the device on the market fully aware of the dangers it posed to women, and he was the guy who approved multi-million dollar raises to executives of companies that took government bailout money.

Kenneth Feinberg brings a whole new meaning to schadenfreude.  He has become a rich man capitalizing on the misery of others, all under the guise of trying to help them.  It makes me sick to think that people like that exist, and it makes me furious that our government is enabling this vulture to compound the suffering of so many people.


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