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Do you have concern about the economic damage to bp? >> i think that bp has a very strong revenue flow. it is b not like lehman brothers or aig where all they have as assets the the financial papers and the buildings they work in. here bp has huge oil interests all around the world. it is very valuable. the economic stability of this company is not nearly as in question as were the financial firms. if we are going to construct a hierarchy of who should be receiving revenue, i think we have to put the victims at the top of the list and the shareholders and bondholders down below them. i don't t...

Wednesday. >> number one, i think the american people will want to hear bp stands for bills paid and there will be a compensation fund for the victims and the cleanup. the taxpayers of louisiana oar the gulf or the american people who will pick up the tab. second, there is going to be a complete overhaul of the safety regime put in place drilling off the shores of our country. third, henry waxman and i with nancy pelosi, we passed a comprehensive energy and climate bill. >> right. a year ago. >> one year ago. we have been waiting for the senate to act. this is an excellent opportunity for the ...

President is meeting wednesday with bp. why has it been two months of this without a meeting between the president and tony hayward? >> i think it has been clear from the very first day when the president had a meeting in the situation room with all of his advisors on this issue he has been working on this issue. i don't think there has been any doubt in the minds of bp that the white house has been giving the clear direction on this issue. i think the real mistake and the president did say this, if he made one mistake, it was being overly reliant on the information bp was providing with regar...

To, in and outside of the industry. >> mm-hmm. >> they drilled a single pipe down. other companies domestically, we are not talking about remote access to the blowout preventers that is done in other countries. but here in the united states other companies are telling people that they do a much better job of having basically a built in insurance policy by doing several levels of cement, for instance, on the ocean floor and above on the riser. from your information so far or do you want to know from bp and these other companies, did bp take short cuts that were simply unacceptable or do these o...

>> reporter: that is what we heard from senator ben nelson who held a news conference down the road. bill nelson says they need to fix the command structure and the unified command. the collaboration between the u.s. government and bp. to get the ships out here. there are no skimmers out there. what bill nelson is saying and others the governor in alabama and others in florida, there needs to be a fleet of skimmers out there off quite a ways offshore and in shore stopping that oil before it hits the beaches. once it hits the beaches your tourist season is dead. they want skimmers in perdido ba...