Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (43987)	7/2/2010 8:05:04 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

Re: "BP's liability isn't all that limited here. They have already agreed to fund a $20bil escrow fund, and pay more if needed...." They voluntarily agreed to pay more. Big difference! The $75 million liability cap still exists in US law (though Congress is likely to quickly change that I think)... however various GOP interests (certainly oil state pols) are fighting like soaked badgers to PREVENT any removal of the liability cap, preferring to keep a cap of some amount in place.