Fund chief says not all spill claims can be met

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THE man appointed by US President Barack Obama to manage BP's oil spill disaster fund has warned that ''there's not enough money in the world'' to pay all claims, and suggested home owners with plunging property values could lose out.

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''There's no question that the property value has diminished as a result of the spill. That doesn't mean that every property is entitled to compensation,'' he said. ''There's not enough money in the world to pay everybody who'd like to have money.''

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