re: BP money

quote:

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There is no end to the depths people will go to get their hands in the pot. Earlier this week during lunch I learned of a local attorney that was gathering people to make claims right after the spill. Had to send paperwork in and see if they got approved. A paving contractor I know just got a phone call about submitting more info. I don't understand how they had a loss at all from the spill (I know them). Same people can be overheard bashing other people for doing the same kind of shite.

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The way the economic loss claims work, you don't necessarily have to have a loss in 2010. They analyze a 5 year period by month. If there is a 3 month period in each year that trended down in 2010 and remained down or went up a little in 2011, you can potentially get money.

It's not the cash grab people would have you believe. It's a cumbersome calculation and BP appeals most of them in the hopes of disqualifying the claim or hoping the claimant gives up or forgets.

IMO, shame on those who know they weren't affect at all (looking at you, funeral homes)...but, BP was also not smart enough to challenge the parameters of the claim process. They agreed to a very open ended calculation process, so many of these claimants are well within their rights as outlined by the settlement language.