Monday, February 28, 2011

Not better late than never

The administrator of BP’s $20 billion Gulf oil-spill fund announced new rules Friday on how final payments will be determined in the highly criticized claims process, but the central payment formula remained unchanged from a proposal released earlier this month.

Kenneth Feinberg, the Washington lawyer who oversees the fund, said in a news release he’ll begin making payments based on the rules.

He’s been criticized about the size and pace of payments.

In a democracy, you're suppose to adopt the rules before you commence the process.

That's what's called "due process".

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