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-- on -- were talking about the amount of the last few days.
This whole situation go on a golf right now -- you have Kenneth Feinberg now.
Drawing lines in the sand if you will maybe be tougher.
On those who wish to file claims against the heat in what we originally thought might happen this job from -- yes I think it's not was not easy also he got to know there's a lot of fraud -- -- -- joins us for any special counsel school matters that -- governor Crist down in Florida Steve welcome to the shelves.
Thank you thank you good to be here are real quickly -- the sort of paying out -- two or three biggest issues right now that we're having because I think most people around the country would say.
If Ken Feinberg is -- half as long as he's being thorough.
I don't necessarily have a problem with being tough he's gonna prevent fraud and he's got -- those who deserve to be paid.
I -- -- kid on the block he'll do very well -- that in that regard.
What troubles me most was the initial.
-- outline of what the idea was that is a twenty billion dollar fund which wouldn't be captain -- -- will be in essence of the damages exceed the twenty billion dollars.
He will be replenished by the wrongdoers.
That seems to have gone away.
Aspect that it wouldn't just now getting which seems to be a Ken Feinberg nuance is that there may be finale with the claims.
In essence if you make a claim for a long term loss you walk away with a release being signed in your legal rights extinguished.
Those are two aspects that we weren't clear on and certainly I was convinced it was the other way around there would be no cap and the legal system would remain intact.
Right because what he's saying is if you're coming -- me.
For money and I pay you out you cannot then go back and try to sue BP again basically saying you're double dipping.
Well well really -- -- what that what that what that creates is a problem for us here in Florida because as you know there's a great debate now you know mother nature didn't really take care of this oil spill.
They're -- oil plumes out in the Gulf of Mexico right.
The the the determination of damages is the most troubling aspect -- mean how he asked for something when you don't really know what it is.
So there's a premature aspect of this -- as a state of Florida do not know fully what our damages are therefore we really can't seek.
Permanent damages in a sense of finality does that make sense -- Any other part about that is an immunity -- the environmental.
-- -- environmental damages because he has never seen anything like this before.
You also don't know the extent geographically in my understanding is now.
You know you might have somebody in.
Whether it's Clearwater Florida whatever -- KCB a hotel owner who says look I was gonna have.
Our convention here I lost vacationers because they lump everything in with Florida and said I'm not going to Florida at all even though I'm miles and hundreds of miles away from with a still might impact this to me very -- It called for Feinberg to determine this.
Well I don't think Feinberg really is equipped or or ready to make that determination because that has to -- with proximate cause -- as you pointed out.
It's much easier black and white oil on the beach hotel suffers hotel gets -- Beach in Clearwater -- Naples Florida has a convention book.
The people that are gonna -- the convention tell the hotel we're moving our site to California because we don't want the perception of our conventioneers to be blighted.
By -- potential contaminated seafood.
Potential oil on the beach or tar balls so we're gonna move our our convention.
That loss is clearly caused by the spill is that a Feinberg -- lost I doubt it not from what I'm hearing so.
The -- in the bigger aspect with regard to the state of Florida is.
There is no geographic impact.
If the panhandle tax revenue diminishes it will affect all taxpayers throughout the state of Florida.
And our property evaluation W top I heard the other her other saying you talk about buying homes.
Have some of those foreign investors come to the panhandle I understand there's a lot of condos for sale.
-- no joke.
OK but so now let's talk about at -- you should actually be filing for one of these claims.
-- three years right from the spill to get your -- -- does make the most sense to wait this out.
Even though I understand so many businesses need the money today you just don't know the extent and you didn't is right now.
Well Tracy on the trial lawyers you know and one of the things we always cautioned clients it with regard to settlement.
Is to make sure there's a full awareness of what the extent of the -- is our cause there's only a one shot deal yeah and one of the things I worry about his feel for the people don't have the luxury of waiting the people who have lost their jobs of their livelihood in the -- small business owners.
They got the following and got -- file now with regard this -- what we flowed -- and -- talk with the White House and talk with our congressional dollar great vision.
We float the idea that there be a dialogue for a sovereign fund.
That is this coastal states.
Claiming not in competition with -- mom and pop stakeholders.
But climbing as a sovereign because the effect in the impact is far different than those of the individuals.
-- -- thank you so much fear inside very juicy stuff we keep our eyes on it.
Our hands are full then you're really not sure they use these in doing so special counsel on -- -- -- -- matters to -- governor rolls down there in Florida.
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