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Detailed text transcripts for TV channel - MSNBC - 20100617:21:19:00

top, from my ears, the top lawyers. number two at the justice department under clinton. they are getting the best lawyers in the country. why wouldn t bp go for the best lawyers? they ve got the biggest problem. they got the most money. you get the best lawyers. that s the way it works. what do you make of the $20 billion? can it mean faster payment under feinberg, or can it just look like it s going to be faster? well, i think two things. bp has zero bargaining leverage related to the cleanup. they don t have a choice. the fact that it s paid out over four years is good from an investor s standpoint so people don t completely give up on bp. where would they be if they went belly up? all the people that need payments wount get any if they were in bankruptcy court. i think it s a good move tochlt have a panel that can move rapidly. the way i understand it, bp will pass on it first.

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