Pick them up before you go to get in line. Please note, however that one of our speakers today, dan fagin, will be about 30 minutes late for the signing hell be doing a live interview with cspan, as you just saw the ending of one with over here just after our session, and he should be in that signing area by 1 00. Our other author alexandra wit city, will be there immediately witze, will be there immediately following the the session. This session and all the others here in the gallagher are being broadcast live on cspan2 with taped repeats later in the week,and i think here locally on come kass channel 19 you may be able to see this again tonight comcast channel 19. I should remind members of the audience you may also appear on screen so if you dont want somebody to know youre here today, i would get up and leave now. [laughter] out of respect to our Television Audience but also our authors the moderator and the person next to you, please turn off your phones your ipads your gaming de
notch on the p.r. disaster panel there. so how will this $20 billion fund the claims process work? it s $20 billion provided by b.p. over the next four years. so an allocation roughly of $5 billion a year though it could be adjusted if claims come in. now, all right, there s a claim process. 66,000 claims have been awarded. my notes tell me about $81 million has already been disbersed. the white house promises this will be a seamless transition to a claims process to be supervised by kenneth feinberg. some americans may remember him as the person in charge of paying off claims after 9/11. most recently, he has been charged of executive compensation for big banks that sought relief under the troubled asset relief program. if ken feinberg makes an award, b.p. simply must pay, it s only appealable if it s in excess of $500,000 and then it goes to a three member panel. basically, ken feinberg s words, it s nearly final. it will speed up the claims