28 September 2010

What Is Really Happening In This BP Claims Process?

From Denny: This is a local Baton Rouge, Louisiana, news story detailing the shabby treatment from the claims fund manager, Kenneth Feinberg, and BP toward local restaurant owners. Business is down about 40 percent in the Baton Rouge area since this oil spill disaster occurred and the oil moratorium was put in place.

Restaurants run on a small profit margin. No one knows how long these beloved institutions can stay in business unless something changes. These are the well established business people. What is happening to small business owners who have not had decades to set aside some cash for emergencies like this one?

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