Page 5 - Liability Cap News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Tactics and they're overreaching. is there any part of this $20 billion fund, this escrow fund that you think is too over the top or came about in the wrong way? >> well, look, you know, bp has admitted from early on in this that they have the responsibility for paying for the capping, paying for the cleanup and paying for the loss of livelihood that people have endured in the gulf coast region. so, that's never been in dispute. in fact, some of the stories that came out on the sunday shows last weekend about lifting the liability cap maybe that's a discussion that we need to have, but let's h...

>> lastly, a purely campaign question. considering the republicans again today blocked an attempt to raise the liability cap on bp, do you think mr. barton handed every last democrat in this country a campaign ad with that sound bite? i mean, can you run with the idea of the gobp? >> well, i can just tell you that i don't think anybody thought those words were going to come out of anybody's mouth today over on the republican side, least of all the republican leadership. i know they're certainly not happy with what happened today. and i think the american public saw something too. >> indeed the...

Can be capped rapidly. >> a purely campaign question. considering the republicans again today blocked an attempt to raise the liability cap on bp, do you think mr. barton handed every last democrat in this country a campaign ad with that sound bite? can you run with the idea of the gobp? >> well, i can just tell you that i don't think anybody thought those words were going to come out of anybody's mouth today on the republican side, least of all the republican leadership. i know they're not happy with what happened today. i think the american public saw something too. >> indeed they did. congr...

Constitution. if the fed said let b.p. drill where the state of louisiana permitted it to drill and where it wanted to drill, none of this would have happened. if b.p. had insurance instead of liability cap, the cash would have been set aside for a professional, not a political clean-up. still, the feds haven't learned. yesterday, as you know, the major stock exchanges delifted fannie and freddie. those would be the huge banks that own hundreds of thousands of residential mortgages. the banks bought many thousands of mortgages from other banks. in fact, fannie and freddie encouraged reckless l...

Constitution. if the fed said let b.p. drill where the state of louisiana permitted it to drill and where it wanted to drill, none of this would have happened. if b.p. had insurance instead of liability cap, the cash would have been set aside for a professional, not a political clean-up. still, the feds haven't learned. yesterday, as you know, the major stock exchanges delifted fannie and freddie. those would be the huge banks that own hundreds of thousands of residential mortgages. the banks bought many thousands of mortgages from other banks. in fact, fannie and freddie encouraged reckless l...