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39 minutes past the hour and we're pleased to be joined now by Kenneth Feinberg.
Feinberg is the man who's in charge of the process of getting money from BP added it fund to all the people who need it.
Frankly hasn't gone all that well if you talk to the locals so -- come -- to have a meeting down in south Alabama mr.
Feinberg is kind enough to come talk to us about sir it's good to see you thank you very much.
Thank -- the idea I guess was to make this process.
Of getting what is needed to the people who need it in the way of money here.
Less of -- less less troublesome.
And and the locals if you read the local papers all across the regency it's worked exactly the same way what happened in what he -- -- fix it.
Well first of all it's working pretty well I think everybody acknowledges that I have in less in about three weeks.
That this facilities been up and running.
We have distributed.
A 185 million dollars we -- being much quicker than BP.
We are processing the claims quick -- We are paying more generously -- BP.
I am confident that the program is working and will work having said that.
It is not perfect I have to make some mid course adjustments and that's why I came down to listen to the complaints today in Alabama.
Well I've reading from our local website they're WA LA as fox ten for the region.
And reading now local officials have heard numerous complaints.
Of claims checks being sent for only a fraction of what is -- -- or of claims not being paid at all for context.
These are people who believe or who make the claim at least.
That their businesses -- -- negatively affected that they would have made money had it not been for BP's actions.
And they -- is an agreement that they be compensated.
That's exactly the argument and not there are -- issues he.
These businesses eligible for compensation.
And secondly have they document to -- -- -- I had some 3000 planes sitting in my draw.
We -- 88 individual or business has filed the plane with no documentation.
Nothing just -- So it is a process I'm going through now that a 185 million has gone -- that the war now I can do better the program can do about.
Some of the complaints I heard today are absolutely justified.
That we must accelerate this program and get these payments out the door and that's why I'm here listening to what they told me today.
And in an effort to be perfectly fair I've spoken with a lot of people across the gulf region a couple of fishermen in particular who say.
Every body in the gulf south.
From the Florida Panhandle to to east Texas.
Is claiming to be a fisherman and wanting money.
How are you able to sort out the people who really need things who we want to get help from those who were just capitalizing on another tragedy.
Well your your your reason a very good point -- I -- ever vigilant looking at fraud I've got about a thousand -- a finals.
That I suspicious.
I don't -- fraudulently looking into the now but that the big message here I think is this.
-- the -- to come up with a program that will accelerate and pay people who are eligible and have documented decline I can do better.
But already in three weeks -- paid 161000.
Million is out the door.
I -- being much more generous and much more efficient.
Then BP ever was having said that.
I've listened to complaints about the way about businesses and individuals in desperate straits.
And I'm determined as I did with the 9/11 -- And the Virginia Tech program.
To make sure war that we accelerate the program and get these payments Altidore Kenneth Feinberg with a very difficult job ahead and lot of complaints along the way mr.
Feinberg it's very nicely to be -- good luck.
Thank you very much for all right.
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