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Detailed text transcripts for TV channel - CNN - 20100701:05:24:00

Of confusion about who, under this the moratorium, could actually put in for reimbursement. ken feinberg in an interview with chris lawrence two days ago said anybody could put in as part of this $20 billion thing. now they re making clear, no, no, no, only drill workers can apply for recompensation through this $100 million fund bp had. woefully inadequate. the $100 million fund is going to last about five weeks if they have to compensate every drill workers salary. going back and forth is going to be classic. i just hate to even predict how horrible it s going to be for people to make these kind of claims. but the fact that the administration just thinks, okay, we re going to solve this with a bunch of billion dollars reflects a fundamental misunderstanding of how long reaching far reaching and long this is going to be. whole economies are going to shut down. 20 billion is a drop in the bucket. how are you going to recompensate somebody, say, all ....

Ken Feinberg , Chris Lawrence , 100 Million , 0 Billion , 00 Million , 20 Billion , Drill Workers ,

Detailed text transcripts for TV channel - CNN - 20100701:03:26:00

the $100 million fund is going to last about five weeks if they have to compensate every drill workers salary. going back and forth is going to be classic. i just hate to even predict how horrible it s going to be for people to make these kind of claims. but the fact that the administration just thinks, okay, we re going to solve this with a bunch of billion dollars reflects a fundamental misunderstanding of how long reaching far reaching and long this is going to be. whole economies are going to shut down. 20 billion is a drop in the bucket. how are you going to recompensate somebody, say, all the guys that own condos from here to panama city who are totally empty? i just drove down the alabama coast last weekend. three cars in every parking lot. all those condos depend on people renting them out to pay their mortgage. you think we had a housing crisis last week last year, how are you going to pay those guys back? how are you going to pay off the maids? there was a story in the ....

Drill Workers , 00 Million , 100 Million , 20 Billion , Parking Lot , Alabama Coast Last Weekend , Panama City , Housing Crisis ,