Comment

Obama's BP Speech

527
reine.de.tout6/15/2010 7:21:35 pm PDT

re: #512 Gus 802

I think it would be more than that. They would have to go from making 70,000 dollars a year to getting a part time job at Home Depot (if they’re lucky) and make 10,000 dollars a years. Then:

1. Foreclose on the house mortgage.
2. Stop payments on the truck or car and have it repossessed.
3. Declare chapter 7 or 11.
4. Move to either a leased (rental) apartment or house.

Now, if BP is going to pay for these peoples homes, cars, and bill then everything would be fine. Otherwise, they’re still negotiating if they will even allow them to sue BP for damages because of the moratorium. By then however we’re looking at a major disruption in peoples lives.

People’s lives are already disrupted. BP is not paying the claims people are making, or they are paying pennies on the dollar. They’ve mucked up the process royally.