Kenneth Feinberg: BP Fund Adminstrator

Last June, BP set aside 20-Billion-dollars as compensation for people whose lives were devastated by the oil spill in the Gulf of Mexico. Now, one year to the day after the blow-out, many of those people want to know why they still haven't seen the money. We talk to Kenneth Feinberg, the man in charge of the fund.



PART TWO

Kenneth Feinberg: BP Fund Administrator

The explosion ripped through BP's Deepwater Horizon oil rig in the Gulf of Mexico a year ago today and unleashed the largest oil spill in United States history. Over time, the devastation became so great and the price tag grew so large, that President Barack Obama stepped in - and forced BP to ante up.

The 20-Billion dollar compensation fund is supposed to go a long way towards helping people whose lives had been up-ended by the disaster and President Obama made a point of highlighting its independence.

Kenneth Feinberg is a Washington, DC-based lawyer and mediator who is so well-versed in putting a price on human suffering that he has been dubbed "The Compensation Czar." Kenneth Feinberg oversaw the payments to the victims of 9/11 and the Virginia Tech shooting massacre. But the BP oil claims process is his biggest - and perhaps most controversial - job yet. Kenneth Feinberg was in Washington.

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