Originally Posted by
TYLERTECHSAS
The real facts Salty. And Obama had zero power in this one though I'm sure it did come across like a good old S.Chicago Jessie Jackson "shakedown" to BP. He treats American businesses this way and now foreign ones. BP owes America Big Time for this screw-up. But word of those type tactics of Obama's get around quick, and coming from the White House, these moves will circle the globe proving again that Obama's actions are more that of a 3rd world type of country and leader. Our troops think he's a joke as do the rest of the free and God fearing world. Obama is killing us Salty!
The facts on the BP "escrow" account - 12160.org
Jun 16, 2010 ...
The "escrow account" in 2010 is not $20 billion dollars. BP will put in $3 billion dollars in the third quarter of 2010 (ending September 30) and another $2 billion in the fourth quarter (ending December 31). Thereafter, it will have to make installments of $1.25 billion each quarter for the next three years.
This means that the necessary money will not be available to pay the tens of billions in losses that are real and immediate. It also means that
people and businesses will have to get in line.
snardfarker.ning.com/forum/topic/show?groupUrl...id... - Cached