Florida Finance Chief Faults BP's Slow Checks, `Shut-Up Money'

Source: Bloomberg

Florida’s chief financial officer led fishermen and business owners in faulting BP Plc for inadequate compensation for incomes slashed by the Gulf of Mexico oil spill.

BP’s checks to Gulf Coast residents fall short of losses reported by businesses, Florida Chief Financial Officer Alex Sink told BP Senior Vice President Bob Fryar today at a meeting of a state task force helping businesses recover losses from BP.

“You know what they call the $5,000 checks they get?” Sink, a Democrat, said at the Tallahassee meeting. “They call it shut-up money.” Compensation so far is “nothing compared to the losses they are experiencing,” Sink said.

The spill may put almost 195,000 Floridians out of work and cost the state $10.9 billion should tourist traffic be cut by half, Sean Snaith, an economist at the University of Central Florida in Orlando, said today. Executives have said BP will pay as much as required to compensate everyone who is harmed.


Read more: http://preview.bloomberg.com/news/2010-06-08/florida-s-finance-chief-faults-bp-s-shut-up-money-as-spill-cuts-incomes.html

I personally expect to be mailed a large sum of money, millions actually, from a wrong done years ago.

However I would never agree to not say something, or not think some way for money. It is interesting I would not take shut up money, since that assumes the people with money have some authority to say where that money should go.

And why would someone sell their views on things they think on? If someone does that, they sell part of themselves for someone else, that only has the claim of having money, and many times that money was given to them by free will choices that are not the best in my view. So I really don't think it is there decision where it goes.

:shrug:

Although I have thought that way for years, and still have no material money, LOL. I think people with much more money then they earned or need, really don't think the same way as me.

That is the conclusion I have come to.

And that is a position I have had for years, so not a new thought, just matches the concept of the OP.