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Detailed text transcripts for TV channel - MSNBC - 20100517:06:21:00

it also approved this spill response plan. what kind of oversight did the administration provide during the course of the drilling? there aren of questns that need to be ansred. and there will be adeqte ti for tht. but the administration s involvement in this will be a big part of the quiry. in the meantime weeedto do everything we can to stop this spill. what about the issu legitimate claims, as bp i t it wi honor? do you thinkhe cap for damages shod higher no higher than $75 million ayou heard senor schumer say they woul propose? well, the danger in that, o course, if you raise the cap too high, there will be no competition in t gulf and you ll leave a the business to t big guys li bp. what bp has said they need to be held to, which is they re going ay for this. they out topay r it. and they ll pay for it. but the danger in taking the cap too high yo end up with only massive, very large oil

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