Obama to Demand BP Liability Fund

The Huffington Post reports that the White House has sent out an email detailing how it will seek liability funds:

The biggest focus in our upcoming meeting with BP will be setting up an BP-funded escrow account for a third-party administered claims process

The President will make clear that he expects, and that if necessary I will exercise his full legal authority to ensure, that BP sets aside the funds required to pay individuals and businesses damaged by this massive spill. And that those funds will be paid out under fair, efficient, and transparent procedures administered by an independent third-party panel established just for this purpose.

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