A letter to the editor of The Financial Times:
I am a pensioner and a shareholder in BP.
I understand that the board of BP is handing over to the US government $20 billion with no conditions, though the company has no legal obligations to do so. I also understand [that the] representative of the US government who has [the] responsibility for disbursing has said he will â€œerr on the side of the claimant,â€� an invitation to every conman in the southern USA to get his spoon into the pot at my expense.[Read more...]