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start with feinberg. apparently had a four-hour meeting with the man who was hired to explore a victims fund. what did he tell you. >> good afternoon, gerri. glad to be back with you. he wanted to understand the parameters cases that i have. he was serious about trying to get to the bottom how significant each one of the damage models were. we discussed generally you know, what it would take to try to get these resolved. it was clear that the meeting from ken feinberg's standpoint was preliminary. i'm not sure if, you know, if he will ultimately be the mechanism by which my clients discuss with gm any potential settlement but -- gerri: you put a lot on the table there. let's break it down just a little bit. >> okay. gerri: feinberg himself said he was just there to listen. but you were there pretty much to present your case and put dollars and figures on the table, sounds like. the amount of compensation your clients, i believe some 50 families, are asking for. did you have the sense from feinberg that th
start with feinberg. apparently had a four-hour meeting with the man who was hired to explore a victims fund. what did he tell you. >> good afternoon, gerri. glad to be back with you. he wanted to understand the parameters cases that i have. he was serious about trying to get to the bottom how significant each one of the damage models were. we discussed generally you know, what it would take to try to get these resolved. it was clear that the meeting from ken feinberg's standpoint was...
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May 5, 2014
05/14
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feinberg, we do things with a handshake down here." said, "that's fine, but a handshake won't get you compensation." >> pelley: why is it so important to hold everyone to that standard of proof? >> feinberg: because there'll be another catastrophe, and a catastrophe after that. what happens the next time, in terms of a company's willingness to do something similar? >> pelley: feinberg has long experience. he ran the compensation program for victims of 9/11. in the bp disaster, he told us there were often two kinds of applicants, the deserving and the devious. what was the most outrageous claim you got? >> feinberg: i think there was a fellow in oslo, norway, if i remember correctly, who slipped on the ice while he was filing a claim and sought damages for a broken leg. >> pelley: people saw money and they tried to get it. >> feinberg: human nature-- goes with the territory. i think that if you had any type of compensation program anywhere, you get a fair number of people who try and game the system to try and recover compensation. >> p
feinberg, we do things with a handshake down here." said, "that's fine, but a handshake won't get you compensation." >> pelley: why is it so important to hold everyone to that standard of proof? >> feinberg: because there'll be another catastrophe, and a catastrophe after that. what happens the next time, in terms of a company's willingness to do something similar? >> pelley: feinberg has long experience. he ran the compensation program for victims of 9/11. in...
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May 1, 2014
05/14
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gary feinberg: quite often i will see a patient that's been referred to me by another doctor. i'll have a pulmonologist-- a lung doctor-- who will send me a patient who has asthma, and the pulmonologist wants me to assess whether or not the sinuses are causing the asthma problem. and after assessing the patient, getting the radiological studies, and determining that there's sinus disease, then i call the pulmonologist, and i call him on the phone or i call her on the phone and say we have this problem. the patient's going to need surgery... the patient will need to be in the hospital for a couple of days because of their lung problem or asthma. we work together as a team in taking care of the patient. this kind of coordination helps patients navigate the medical marketplace. it is particularly critical for anyone with a chronic condition. laura mosqueda: it's scary to be faced with a disease that might go on for 10, 15 years, where there really isn't hope for somebody getting better from it. then i think we need to provide ongoing office visits in terms of availability for peo
gary feinberg: quite often i will see a patient that's been referred to me by another doctor. i'll have a pulmonologist-- a lung doctor-- who will send me a patient who has asthma, and the pulmonologist wants me to assess whether or not the sinuses are causing the asthma problem. and after assessing the patient, getting the radiological studies, and determining that there's sinus disease, then i call the pulmonologist, and i call him on the phone or i call her on the phone and say we have this...
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May 16, 2014
05/14
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michael feinberg has been sentenced to 3.5 years for insider trading. a cast one of the victories for prosecutors who spent seven years investigating the firm. he was found guilty in december of a scheme involving text. that went to $1.8 million in illegal profit. jarden restaurants has agreed to seafood chain to golden state capitol. it resulted in about $1.6 billion in proceeds. $1 billion will be used to retire darden. credit suisse is said to be close to reaching an agreement to pay about 2.5 billion dollars to the u.s. justice department and regulators. resultment would investigation into whether it helped americans. to's turn our attention general motors. failure to disclose a defect that would link to 13 fatalities. this is not the end of the government investigation. on today'sis more agreement. tell us what is going on. even before gm wrapped up its own internal investigation, federal regulators have reached their own conclusion that the company effectively broke the law by not telling regulators at years ago about a mission problems. proms tha
michael feinberg has been sentenced to 3.5 years for insider trading. a cast one of the victories for prosecutors who spent seven years investigating the firm. he was found guilty in december of a scheme involving text. that went to $1.8 million in illegal profit. jarden restaurants has agreed to seafood chain to golden state capitol. it resulted in about $1.6 billion in proceeds. $1 billion will be used to retire darden. credit suisse is said to be close to reaching an agreement to pay about...
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general motors declined to comment while feinberg said any talk of compensation is very premature.an see, are down just about 3%. and target is replacing its chief executive after 35 years with the company. cfo john mill began has been named interim cfo. millions of customers suffered from a massive data breach over the holidays. target's shares right now, we'll bring them as soon as we can. and google and amazon are testing same-day delivery in los angeles, we'll tell you more about that coming up. we asked people a question, how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪ stuart: amazon, google moving to same-day delivery in los angeles? pretty good stuff, i think. lauren, tell me all about i
general motors declined to comment while feinberg said any talk of compensation is very premature.an see, are down just about 3%. and target is replacing its chief executive after 35 years with the company. cfo john mill began has been named interim cfo. millions of customers suffered from a massive data breach over the holidays. target's shares right now, we'll bring them as soon as we can. and google and amazon are testing same-day delivery in los angeles, we'll tell you more about that...
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May 16, 2014
05/14
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they've hired kenneth feinberg to decide whether the victims should receive compensation. this is the gentleman that handled the bp spill victims. therel be more congressional hearings. i see this staying in the spotlight through the summer and possibly into the new year. >> micki, than thank you for shg your insights, we appreciate it. >> my pleasure. >> for new college grads. >> they brought in actual cyber working people saying these are the classes you need to take, this is what they're going to look for on your resumÉ and this is what you need to get a job. >> blues do you want to buy a bigger house for your family? a lot of americans are choosing to remodel. we'll explain the financials when we come back. >> it's the season for pomp and circumstance college graduates receive their long awaited dim plow mas in on--diplomas in one hand and a student debt bill. the average graduate will carry a balance of. $33,000. in the meantime, the class o of 2015 will have even a bigger debt load. they're trying to put students in a better position to pay off their debt. and it wil
they've hired kenneth feinberg to decide whether the victims should receive compensation. this is the gentleman that handled the bp spill victims. therel be more congressional hearings. i see this staying in the spotlight through the summer and possibly into the new year. >> micki, than thank you for shg your insights, we appreciate it. >> my pleasure. >> for new college grads. >> they brought in actual cyber working people saying these are the classes you need to take,...
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May 17, 2014
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also we know gm has hired attorney ken feinberg who works in victim compensation to find out how muchreceive. gm is linking this to at least 13 deaths. they're working on an internal report details what went wrong. no word on when that report will be released. back to you. >> all right, thanks. >>> you are watching "cnn newsroom." coming up after the break, we look at the shattered city of homs and the story of those left behind. >>> also ahead, he's now the newest political star on the world stage. but until his election victory, india's prime minister-elect couldn't get a visa to visit the u.s. >>> and later, david letterman now says he's sorry for all the jokes he used t tell about history's most famous white house intern monica lewinsky. >>> thanks for staying with us here on cnn this saturday. i'm errol barnett. here are our top stories this hour. in new delhi, a hero's welcome for india's prime minister elect narendra modi. modi and his new government are to take office may 21st. outgoing prime minister is tendering his resignation today. >>> at least six wildfires are charring
also we know gm has hired attorney ken feinberg who works in victim compensation to find out how muchreceive. gm is linking this to at least 13 deaths. they're working on an internal report details what went wrong. no word on when that report will be released. back to you. >> all right, thanks. >>> you are watching "cnn newsroom." coming up after the break, we look at the shattered city of homs and the story of those left behind. >>> also ahead, he's now the...
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May 31, 2014
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. >> we appreciate your being with us, northwestern university, feinberg university, dr. crandall, thanks very much. >> looking ahead on our program, a lens trained on the law. >> a lot of people were close are by? >> yes. >> were they arrested? >> no, they weren't ratherred, i was the own one arrested, the guy with the camera. >> "america tonight"'s adam may, citizen cameramen. monday night. >>> the al jazeera series, the system with joe berlin ger takes >> inside the hornet's nest, next. be be >> declaring it is time to turn the page on afghanistan, this week president obama announced plans to end the u.s. combat mission this year. less than 10,000 service members will remain only to help train afghan forces. with so much criticism for veterans care, the longest wore in u.s. history with -- war in u.s. history. what troops experience in the hornet's nest. afghanistan. after three decades in the world's worst places, hot zones of conflict, iraq, el salvador. >> marines say the objective of this mission was met. >> this could have been just one more stop for combat corres
. >> we appreciate your being with us, northwestern university, feinberg university, dr. crandall, thanks very much. >> looking ahead on our program, a lens trained on the law. >> a lot of people were close are by? >> yes. >> were they arrested? >> no, they weren't ratherred, i was the own one arrested, the guy with the camera. >> "america tonight"'s adam may, citizen cameramen. monday night. >>> the al jazeera series, the system with...
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May 31, 2014
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. >> we appreciate your being with us, northwestern university, feinberg university, dr. crandall, thanks very much. >> looking ahead on our program, a lens trained on the law. >> a lot of people were close are by? >> yes. >> were they arrested? >> no, they weren't ratherred, i was the own one arrested, the guy with the camera. >> "america tonight"'s adam may, citizen cameramen. monday night. >>> the al jazeera series, the system with joe berlin ger takes on the toug berli >> inside the hornet's nest, next. >> the most important money stories of the day might affect your savings, your job or your retirement. whether its bail-outs or bond rates this stuff get complicated. but don't worry. i'm here to take the fear out of finance. every night on my show i break down confusing financial speak and make it real. >> these protestors have decided that today they will be arrested >> these people have chased a president from power, they've torn down a state... >> what's clear is that people don't just need protection, they need assistance. >> every saturday join us for exclusive,
. >> we appreciate your being with us, northwestern university, feinberg university, dr. crandall, thanks very much. >> looking ahead on our program, a lens trained on the law. >> a lot of people were close are by? >> yes. >> were they arrested? >> no, they weren't ratherred, i was the own one arrested, the guy with the camera. >> "america tonight"'s adam may, citizen cameramen. monday night. >>> the al jazeera series, the system with...
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May 31, 2014
05/14
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. >> we appreciate your being with us, northwestern university, feinberg university, dr. crandall, thanks very much. >> looking ahead on our program, a lens trained on the law. >> a lot of people were close are by? >> yes. >> were they arrested? >> no, they weren't ratherred, i was the own one arrested, the guy with the camera. >> "america tonight"'s adam may, citizen cameramen. monday night. >>> the al jazeera series, the system with joe berlin ger takes on the toug berli >> inside the hornet's nest, next. >> weekday mornings on al jazeera america >> we do have breaking news this morning... >> start your day with in depth coverage from around the world. first hand reporting from across the country and real news keeping you up to date. the big stories of the day, from around the world... >> these people need help, this is were the worst of the attack took place... >> and throughout the morning, get a global perspective on the news... >> the life of doha... >> this is the international news hour... >> an informed look on the night's events, a smarter start to your day. mor
. >> we appreciate your being with us, northwestern university, feinberg university, dr. crandall, thanks very much. >> looking ahead on our program, a lens trained on the law. >> a lot of people were close are by? >> yes. >> were they arrested? >> no, they weren't ratherred, i was the own one arrested, the guy with the camera. >> "america tonight"'s adam may, citizen cameramen. monday night. >>> the al jazeera series, the system with...
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May 17, 2014
05/14
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they've hired kenneth feinberg to decide whether the victims should receive compensation. this is the gentleman that handled the bp spill victims. therel be more congressional hearings. i see this staying in the spotlight through the summer and possibly into the new year. >> micki, than thank you for shg your insights, we appreciate it. >> my pleasure . >> for new college grads, . >> they brought in actual cyber working people saying these are the classes you need to take, this is what they're going to look for on your resumÉ and this is what you need to get a job. >> blues do you want to buy a bigger house for your family? a lot of americans are choosing to remodel. we'll explain the financials when we come back. >> our current system has gone very far awry... >> there's huge pressure on the police to arrest and find somebody guilty >> i think the system is going to fail a lot of other people. >> you convicted the wrong person >> i find that extraordinarily disappointing... >> to keep me from going to jail, i needed to cooperate. >> the evidence was inaccurate >> they sti
they've hired kenneth feinberg to decide whether the victims should receive compensation. this is the gentleman that handled the bp spill victims. therel be more congressional hearings. i see this staying in the spotlight through the summer and possibly into the new year. >> micki, than thank you for shg your insights, we appreciate it. >> my pleasure . >> for new college grads, . >> they brought in actual cyber working people saying these are the classes you need to...
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May 16, 2014
05/14
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also a very important name ken feinberg an attorney who deals with victim compensation after 9/11, bpill, after the boston marathon bombing he's been hired by gm, he's inhouse there now working on dealing with that issue of victim compensation. if they are going to pay out victims, who they will pay, how much. the tricky thing this company went through bankruptcy in 2009. technically they are not liable for costs pre-2009 upless they are found criminally liable because that's the old gm versus the new gm. a lot of big questions. i did talk to the head of the center for auto safety today and he said he thinks the fines should be unlimited. he thinks that possible jail time should be considered here if gm is found criminally liable. >> poppy harlow, thank you. when we come back he's blowing away the box office competition. what would the military do to fight off a real life godzilla? the air force has a plan for that. that's next. sea captain: there's a narratorstorm cominhe storm narrator: that whipped through the turbine which poured... surplus energy into the plant which generously l
also a very important name ken feinberg an attorney who deals with victim compensation after 9/11, bpill, after the boston marathon bombing he's been hired by gm, he's inhouse there now working on dealing with that issue of victim compensation. if they are going to pay out victims, who they will pay, how much. the tricky thing this company went through bankruptcy in 2009. technically they are not liable for costs pre-2009 upless they are found criminally liable because that's the old gm versus...
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May 5, 2014
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feinberg has gotten involved. i'm sure he wants to make a deal >> he they go to court wants to make a broad sweeping deal they can wrap up everything and put to bed all of these claims. >> you are exactly right. to come upffs want the a smoking gun and reputation damage to gm after that would be awful. the ideal situation is to get this thing settled before there is more reputational damage for gm. >> what is the short-term overhang on the stock and its reputation? up almosts were still 7%. we did not see the fall off. i don't think that you saw decadel effect of the recalls, if we can call them that. you may see a bigger effect in , the company is separated fairly well. is going to mistake a chevy cobalt for chevy and paula -- impala. the quality of what they are building now cannot be compared to what they were building in 2006. on the other hand, investors are concerned about the overhang. the ticket 1.3 billion-dollar charge in the first quarter for this. i do not think anyone thinks that is as near as much as
feinberg has gotten involved. i'm sure he wants to make a deal >> he they go to court wants to make a broad sweeping deal they can wrap up everything and put to bed all of these claims. >> you are exactly right. to come upffs want the a smoking gun and reputation damage to gm after that would be awful. the ideal situation is to get this thing settled before there is more reputational damage for gm. >> what is the short-term overhang on the stock and its reputation? up almosts...
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May 22, 2014
05/14
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but also you have to remember they have brought on attorney ken feinberg, and he handled victim compensation after 9/11, after the bp oil spill. he is sorting out victim compensation for those that died as a result of the ignition switch defect. so likely the cost here for gm is going to go a lot higher. >> i mean, how does somebody who has a gm car, how do they find out or figure out that theirs is one of the cars recalled? >> you have to go online. but to their home page and there is an owner's section to put in a v.i.n. number and we have it on cnnmoney.com. >> poppy, thank you very much. poppy harlow. >>> and speaking out about allegations that the nfl pushed illegal powerful painkillers on the players just to keep them in the game. >>> plus, a seven-time dui offender gets what they say is just a slap on the wrist. is this another case of the so-called affluenza? what if a photo were more than a memory? what if it were more than something to share? what if a photo could build that shelf you've always wanted? or fix a leaky faucet? or even give you your saturday back? the new snapfix app
but also you have to remember they have brought on attorney ken feinberg, and he handled victim compensation after 9/11, after the bp oil spill. he is sorting out victim compensation for those that died as a result of the ignition switch defect. so likely the cost here for gm is going to go a lot higher. >> i mean, how does somebody who has a gm car, how do they find out or figure out that theirs is one of the cars recalled? >> you have to go online. but to their home page and there...
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May 19, 2014
05/14
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they hired ken feinberg, 911 settlement and things like that.trying to do something legitimate, that would be great. stuart: does that entail opening up the bankruptcy from the bailout? >> it is an issue as well because gm will say we get a clean bill of health. my argument would be only if you disclose in the bankruptcy you had done those things. so it is a hornets nest. stuart: it sure is good colorado has become the first state to give access to experimental drugs that are not yet approved. the right to try bill cited on friday. judge andrew napolitano is here. if you are dying in colorado you can pretty much do and take what you want, correct? >> in my world you can do and take what you want whether you are dying, living, happy or miserable, that is none of the government's business. that is what the constitution mandates. the fda is unconstitutional. the question will be one of federalism. the state of colorado giving people the state authority to do something the government doesn't approve of. it is a bit like marijuana. i would think of t
they hired ken feinberg, 911 settlement and things like that.trying to do something legitimate, that would be great. stuart: does that entail opening up the bankruptcy from the bailout? >> it is an issue as well because gm will say we get a clean bill of health. my argument would be only if you disclose in the bankruptcy you had done those things. so it is a hornets nest. stuart: it sure is good colorado has become the first state to give access to experimental drugs that are not yet...
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May 21, 2014
05/14
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can feinberg is working on that. something along those lines.does public relations standpoint. when you think of a car, you want to think of safety. if you do not have that it can be damaging. something else -- you recently wrote a bloomberg view article on uber. "uber is angling for a valuation of more than $10 billion in talks with wall street. it raises the specter of tesla-style overenthusiasm." avoid overvaluing these companies has everything to do with the auto industry. are we in a situation where -- q new, qualified tech uasi-tech auto companies are looked up to favorably? companies are important as a bridge from the current auto industry as we know it to the auto industry of the future. in which autonomous vehicles dynamicntroduce a new in the marketplace. axis to mobility becomes more important than owning a car, which is the traditional model for the industry. that will be a huge transition. it is not one that the auto industry has incentive to leap into. there is not really a jeff bezos in the auto industry really ready to destroy th
can feinberg is working on that. something along those lines.does public relations standpoint. when you think of a car, you want to think of safety. if you do not have that it can be damaging. something else -- you recently wrote a bloomberg view article on uber. "uber is angling for a valuation of more than $10 billion in talks with wall street. it raises the specter of tesla-style overenthusiasm." avoid overvaluing these companies has everything to do with the auto industry. are we...
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May 2, 2014
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his deepwater horizon claim center replaced ken feinberg same job, new rules.ke you're throwing millions of dollars away to people who have no stake in the oil spill whatsoever. >> i have an obligation as a court-appointed official by the federal court to implement what these two parties wrote. >> tune in sunday to hear from the lawyers who made the deal with bp. they tell "60 minutes," according to that deal a company does not have to have suffered from the oil spill to qualify for a check from bp. >> and new controversy this morning over small drones as the unmanned aircraft tests the bounds of technology. they're also pushing the limits of the law. jeff pegues is in washington with the newest device the faa is keeping an eye on. good morning. >> reporter: good morning to our views out west. you'll be seeing more and more of these drones in all shapes and sizes. this is small, has a camera on the front and can go a thousand feet in the air. anyone can buy and operate one of these but it's illegal to make money using one of these and that's leading to frustrat
his deepwater horizon claim center replaced ken feinberg same job, new rules.ke you're throwing millions of dollars away to people who have no stake in the oil spill whatsoever. >> i have an obligation as a court-appointed official by the federal court to implement what these two parties wrote. >> tune in sunday to hear from the lawyers who made the deal with bp. they tell "60 minutes," according to that deal a company does not have to have suffered from the oil spill to...
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here to show us how the little ones will be styling this year is alyssa zeller feinberg.have you. >> thank you for having me. >> you've brought such cool items and because i'm a mom, i can't wait to get started. so we're starting with the summery stuff. >> exactly. >> all for the summer you're going to need the bathing suits these bathing suits are so cute. i bought them at amazon.com. by a company called mother ease. i love the solid with the white trim. it's a retro men's swim wear look. it's adorable on a baby. these sandals are called saltwater sandals, also available in mom sizes. they're made of really great leather construction with a wonderful sole and rust proof buckle. >> adorable. >> wonderful for summer. and then if you really want to style, i mean really style your kids, we've got real suspenders. i haven't seen these in forever for babies. >> yes, and there is nothing more adorable than sticking those chubby little arms into a ribbed tank top. you put that with the suspender jeans. it's kind of nothing short of amazing. and also that you compare these with a
here to show us how the little ones will be styling this year is alyssa zeller feinberg.have you. >> thank you for having me. >> you've brought such cool items and because i'm a mom, i can't wait to get started. so we're starting with the summery stuff. >> exactly. >> all for the summer you're going to need the bathing suits these bathing suits are so cute. i bought them at amazon.com. by a company called mother ease. i love the solid with the white trim. it's a retro...
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May 21, 2014
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i think ken fine berg i worked -- ken feinberg is a reasonable guy. >> should they be compensateing victimsthings that happened before the bankruptcy? >> i think that's a complicated question, honestly. i don't have an answer for you. the question is, where does it stop? there are many ought people. >> exactly. >> that have claims against old gm. bankruptcy is unfortunately a part of our way of doing business. there have been many other examples if bankrupt companies like asbestos. we are deserveing victims. we are not deserveing to get everything they deserve to get. we have to see how this unfolds. >> you think a judge comes out and says, look, you can't compensate some victims and decides your events didn't merit compensation as opposed to these other folks? >> that's one of the complicated things they will have to balance. the bun thing i'm sure of, it was late gaited to the supreme court, chrysler was done in compliance with the law. >> they have added 22,000 jobs since 2009, gow to some chrysler plants. they're in full capacity. they can't build them any faster. did you even envision
i think ken fine berg i worked -- ken feinberg is a reasonable guy. >> should they be compensateing victimsthings that happened before the bankruptcy? >> i think that's a complicated question, honestly. i don't have an answer for you. the question is, where does it stop? there are many ought people. >> exactly. >> that have claims against old gm. bankruptcy is unfortunately a part of our way of doing business. there have been many other examples if bankrupt companies...