many folks have critized this administration for applying too much pressure, or ot enough pressure. They say the US Gov should take it over…take over what? Folks you are in the risk profession or the claims business…if we take it over then we have anohter “you bought it” scenario!
The right strategy is currently in effect. Yes it is shamful that it has taken so long, but I tell ya, that no matter who is in charge would would probablu have the same result.
Could all of this have been executed better, yes, but that game goes all the way back to the drilling of the well….
Imaging if the US takes over this mess and then attempts to submit a bill to BP for damages…
One other comment, could the US force BP to do this or that? to those that say no, I disagree…but we are not there…yet
Disaster arrester plans have to be integral part of any project are lacking in developing as well as in developed countries.
Lack of understanding of risk potential of the project gives rise to these kind of disasters. In spite of well developed risk management over the years BP risk assessment team had failed to assess the risk .
Brings to mind many questions: a-How is the escrow to be funded? b-Is ACORN going to be the third party custodian? c- Is Barney Frank going to set the conditions and standards? d- Like our last Democratic President, is Michelle going to be the 3rd party and the one to set the conditions and standards? (much like Hillary did with health care reform)
I very cognet question! We seem to assume that since the President wants it done, it will make it legal. Nixon made that assumption and stepped on the rake. How long before the Obama white house correlates it’s true position and value as an American institution?
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many folks have critized this administration for applying too much pressure, or ot enough pressure. They say the US Gov should take it over…take over what? Folks you are in the risk profession or the claims business…if we take it over then we have anohter “you bought it” scenario!
The right strategy is currently in effect. Yes it is shamful that it has taken so long, but I tell ya, that no matter who is in charge would would probablu have the same result.
Could all of this have been executed better, yes, but that game goes all the way back to the drilling of the well….
Imaging if the US takes over this mess and then attempts to submit a bill to BP for damages…
One other comment, could the US force BP to do this or that? to those that say no, I disagree…but we are not there…yet
Affect or effect ?
UK not our ally?
Stop all drilling?
Embarrasing to be in the insurance industry w/people w/such shallow gene pools and so little education, knowledge and common sense.
Then please enlighten us, oh wise one, since you OBVIOUSLY know best and we don’t have ANY idea what we are talking about. [thats called sarcasm].
Disaster arrester plans have to be integral part of any project are lacking in developing as well as in developed countries.
Lack of understanding of risk potential of the project gives rise to these kind of disasters. In spite of well developed risk management over the years BP risk assessment team had failed to assess the risk .
Ok Matt, you’ve made your point, it would be nice if you could offer some constructive input instead of the same old dribble.
Brings to mind many questions: a-How is the escrow to be funded? b-Is ACORN going to be the third party custodian? c- Is Barney Frank going to set the conditions and standards? d- Like our last Democratic President, is Michelle going to be the 3rd party and the one to set the conditions and standards? (much like Hillary did with health care reform)
I very cognet question! We seem to assume that since the President wants it done, it will make it legal. Nixon made that assumption and stepped on the rake. How long before the Obama white house correlates it’s true position and value as an American institution?