Obama’s Disburser of Oil Spill Compensation Funds Says No Major Corroboration of Eligibility Needed to Get Money – Video

Visit msnbc.com for breaking news, world news, and news about the economy

Here is video of Kenneth Feinberg – head of the “Oil Spill Compensation Fund” – saying people in the Gulf Region can file a claim with the Government and receive “emergency payments” without providing “the type of corroboration that would normally be provided.” Feinberg said they only need to provide “basic information,” which he did not explain.

He was asked if, by taking the funds, people were giving up their right to sue BP. Feinberg said “Absolutely not.” In no way are people giving up their right to sue BP by taking the “emergency funds.”

Exit Question: How long do you think those funds will last with this kind of loose control of who is eligible for the funds?