Detailed text transcripts for TV channel - MSNBC - 20100706:

Detailed text transcripts for TV channel - MSNBC - 20100706:21:40:00

there's a word out there i got over the weekend that maybe this talk of $10 billion in escrow is just talk at this point. the law states under the statutes they have to pay out. that hasn't been changed. this side deal done with the president, that was sort of done extralegally if you will has no binding legal power. do we have any evidence john hofmeiester that they'll pay out no the claimants? >> i think they're very concerned about losing their license to operate in the u.s. the u.s. is one of the richest sources of future earnings groetd for bp as a company. i think it's $20 billion, chris. the $20 billion set aside drr 5 billion a year for four years. >> is that legal? >> no, it's not a legal

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