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Posted on 7/2/15 at 8:58 am to Motorboat
So if BP is paying out 18.7 billion dollars, how much money do they have?
Posted on 7/2/15 at 8:59 am to Hooligan's Ghost
quote:
So if BP is paying out 18.7 billion dollars, how much money do they have?
Bout tree fiddy
Posted on 7/2/15 at 8:59 am to Motorboat
quote:
Hopefully, ALL of it will be used for Coastal restoration.
It will, once all of the politicians steer enough toward their cronies.
Posted on 7/2/15 at 9:04 am to mkibod1
quote:
A ton haha A good friends dad is a big lawyer in NOLA and he worked a bunch on the BP case. About a two years ago he tweeted out "Just drove home and parked my new Range Rover in the driveway. Thanks BP" with a picture of it. Like a new money trashy douche...
FiFY
Posted on 7/2/15 at 9:10 am to Jim Rockford
quote:
Hope the check doesn't clear until after Jindal leaves office.
Amen to that!
Posted on 7/2/15 at 9:13 am to TheCaterpillar
Who the frick is handling that type of money, no way our state uses it appropriately. Why don't we put the money in the bank and spend what we'd get in interest towards restoring the coast. But there is so much room for corruption here its unbelievable. I doubt Louisiana will gain from this, well we might have more millionaires than we did before
Posted on 7/2/15 at 9:13 am to mkibod1
quote:
Just drove home and parked my new Range Rover in the driveway. Thanks BP"
I'm going to do this with my power pole bitches!!
Posted on 7/2/15 at 9:13 am to TigersOfGeauxld
Settlement is being paid out over 16+ years. Frankly, this is a great deal for BP. They had set up a reserve fund for more than this. For us in La., its not a great deal. State has a coastal restoration plan that will cost $50b to implement, and this deal gives us $5b over 16 years. There is no other identified source for funding.
Posted on 7/2/15 at 9:14 am to TigersOfGeauxld
quote:
Hope the check doesn't clear until after Jindal leaves office.
Amen to that!
I would imagine that is paid over 20 years or so. There is no way BP can afford to write $18.7 billion in checks all at once.
Posted on 7/2/15 at 9:21 am to TheCaterpillar
quote:
Like a new money trashy douche...
Not at all. I had no clue what her dad did till our graduation day at LSU when I met him. Dudes had money for a loooong while.
Posted on 7/2/15 at 9:33 am to mkibod1
quote:man he is such a boss
A ton haha A good friends dad is a big lawyer in NOLA and he worked a bunch on the BP case. About a two years ago he tweeted out "Just drove home and parked my new Range Rover in the driveway. Thanks BP" with a picture of it. Like a boss...
Posted on 7/2/15 at 9:34 am to pmacneworleans
quote:
Settlement is being paid out over 16+ years. Frankly, this is a great deal for BP. They had set up a reserve fund for more than this. For us in La., its not a great deal. State has a coastal restoration plan that will cost $50b to implement, and this deal gives us $5b over 16 years. There is no other identified source for funding.
Federal government should chip in the majority of the rest.
Posted on 7/2/15 at 9:35 am to WeeWee
Yeah.. Unless they had to sell off some of their fields.
Posted on 7/2/15 at 9:37 am to WeeWee
Should. Won't.
Posted on 7/2/15 at 9:38 am to mailman
quote:
Why don't we put the money in the bank and spend what we'd get in interest towards restoring the coast.
you mean, why doesn't Louisiana do something smart? Because the corruption in this state is almost unrivaled. Our state ranks in the high 40's in just about every category you can think of.
We have slimy politicians and a dumb overall population who kept electing them. This money will be stolen from the people of Louisiana and we'll be here 10 years from now wondering where it all went.
Posted on 7/2/15 at 9:48 am to Motorboat
We rich! 
Posted on 7/2/15 at 9:54 am to mkibod1
quote:
good friends dad is a big lawyer in NOLA and he worked a bunch on the BP case. About a two years ago he tweeted out "Just drove home and parked my new Range Rover in the driveway. Thanks BP"
Must not be that big if he needed BP money to afford a Range Rover. That tweet also screams trash new money.
Posted on 7/2/15 at 10:01 am to Motorboat
quote:
Hopefully, ALL of it will be used for Coastal restoration.
Let's build a loop in Baton Rouge instead.
Posted on 7/2/15 at 10:02 am to tgrgrd00
quote:
Hopefully, ALL of it will be used for Coastal restoration.
Probably the least effective, least cost-efficient, least accountable, and least sincere activity that the state of Louisiana can possibly engage in.
Bureaucrats, environmental industry hacks and connected contractors will be rolling in money and flaunting insignificant "success stories". They'll squander these billions and demand more.
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