Not sure if it is in the same law or not but there is one that allows him to take complete control and put BP in a receivership to ensure that claims get paid out before anything else.
-----Original Message----- From: Sam [mailto:sammyc...@gmail.com] Sent: Thursday, June 17, 2010 12:42 PM To: cf-community Subject: Re: Need help understanding a current talking point I think the laws caps out at $75 million I'm sure that BP would pay out $20b+ to cover what's needed due to public pressure. I just don't know why Obama wants his hands on that money too. On Thu, Jun 17, 2010 at 1:20 PM, Eric Roberts <ow...@threeravensconsulting.com> wrote: > > Actually, I forget the name of the law, but Obama would be within his rights > and powers to seize BP's American assets and take over the entire operation > and use those assets to pay for the cleanup as well as pay claims. That > would include selling off assets that they own to generate funds. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology-Michael-Dinowitz/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:321431 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
