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What he found when he took over the BP fund on Aug. 23, he says, was staggering: data in disarray, duplicate claims, identical claims under different names and thousands of claims with inadequate or no documentation.
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Gee fraud and greed? Color me shocked - not.
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Mr. Feinberg said that the British oil giant, which is responsible for the spill that began two months ago, deserves "credit" for setting up a claims program quickly, and that he would seek to improve the "efficiency, the speed and the fairness of that program."
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That'll never make the 6:00 news.
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The government-appointed administrator of BP PLC's $20 billion fund for oil-spill damage said Friday that he would run his own show as he seeks to improve the claims process set up by the company.
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BP is off the hook.
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"This is a program that has my imprimatur on it, not the administration or BP," Kenneth Feinberg said at a joint press conference with Mississippi Gov. Haley Barbour. "It is my program as an independent force."
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He may be the administrator, but he certainly has to answer to someone and that can only be those who appointed him.