but if anybody can do it, it's ken fineberg. he made a whole career of dealing with the heshg leeian funds. >> he said let me give you examples, general motors is optimistic that when you look at ken fineberg's track record, in the past when he's done this, whether it's with bp or to 9/11, about 90%st cases are very solved this way. that is what general motors is banking on. they would love to clear up most of the case this is way and avoid the uncertainty and cost of going to court. >> collin, what do you by this that? i'm sure you're running numbers and doing analysis on the potential liability for general motors. and ken fineberg sounds like he really wants to be fair about all. this this could really go to court and end up with a lot of money. is that what you see? what are your numbers telling you? >> yeah, one thing you have to realize is that gm does have bankruptcy protection for many claims. that's something they take they will have to consider if they do go to court. their chances, you know, they have to prove that sen

and they hired kenneth fineberg to find out the price on a life in a process where bankers receive moreiters based on earning potential and paid millions by bp to settle things following the deep water horizon disaster among much criticism he was shieldingly the oil company and they acknowledge 13 deaths and 47 injuries that cut the power and disabled the airbags and it shows 309 deaths due to airbags not deploying with 229 injured and it's not clear if fineberg will limit it to airbag deployment and include loss of control due to power steering and brake assist failure and it would increase the number of claimants and economic loss of millions of the recalled cars but they are not troubled and a fraction of gm reserve funds of $33 billion will be used and prospect of department of justice fine is slugged off spent billions by the company to rescue the company. >> and politics for saving the company and they will not damage it because it doesn't make sense. >> they hope they will accept a quick pay out and saying it's not legally liable for incidents that occurred before the restructuri

ken fineberg seems like a pretty good pr move for gm.being said the bp oil spill has had some criticism. so what has he learned from that? >> people who aren't involved in the corporate world -- certainly the fishermen, and in this case, consumers who bought cars, they are not very savvy about bureaucracies, and it's very easy to leave them out in the cold. and if he pays more attention to the level of education that is getting out there, it will go well, but if, like, bp, it's kind of just assumed that people are going to know how to apply to a giant corporation to get damages, it will fill again. >> all right. heidi thank you so much. >> thank you. >>> if you are having trouble paying your student loans, there are options that your lender may not have told you about. plus what is putting this valley on the map long before the famous music festival came along. ♪ >> as if college students don't have enough debt, starting tomorrow interest rates go up on new federal loans. the change stems from a deal brought in last year by congress and

fineberg is very familiar with this. he dealt with the 9/11 victims compensation fun, boston marathon. he has used to try to dot numbers here. >> tough job to have. >> it is very important to have. >> more information on the web site. >> jim, thanks very much. >>> good evening, everyone, this rush hour, we are definitely dealing with the problems of construction, and you know here, 95 commuter it has been there for whatever. probably will be ongoing for a good amount of time, as we know here. traveling on the north bound side of 95, thinks what we are looking at here this shot not too far from allegheny, approaching betsy ross bridge. northbound side is just jammed, approaching vine street expressway, all the way through cottman avenue. the southbound side, looks pretty good. if we are traveling on 422, we have delays, if you are commuting in the westbound direction and that is really just from 202, all the way out to the area of i would say, malvern. it does break up there, excuse me not malvern but towards area of 29 b

fineberg is an expert doing this. we want everybody who suffered physical injury or suffered the loss of a loved one, we want them to be part of the program. >> thank you mr. fineburg. restoring the trust of the american people is having a viable trust program for the victim's families. i know you tapped mr. fineberg to evaluate options fwr the trust fund. my question is, from opening statements, it sounds like gm has not put limits on mr. fineburg, is that true? he's got all options out there to determine the compensation fund. >> i didn't hear the beginning of the question, sorry. >> you have this compensation fund. are there limits upon him? he's doing whatever he wants to do? >> he's independent and will determine those who qualify that meet his protocol and the appropriate amounts. >> is there a board to approve the recommendations? >> no. he is independent. >> families that reach settlements with gm, will they be eligible for the trust fund? >> eligible to apply. >> how about before the bankruptcy? >> eligible.

being developed by attorney ken fineberg.she has had the chance to talk with employees at gm to change the corporate culture at gm, she is optimistic they're on the way to doing that. >> our message is clear, as i said two clear things we need to do as we come out of this, do everything to help everybody harmed and i'm doing everything in a leadership role to make sure we create the right organization, support the process so that this never, ever happens again. >> while the annual meeting was going on a small group of people were protesting in front of gm headquarters, much as they were monday afternoon. that group included the parents of two women who were killed in recall gm models. one of those parents told me he believes gm ceo mary barra is sincere when she says she wants to change the company. >> i got a chance to meet mary personally when she was doing her meeting with the congressional hearings out in washington. it appears that she is trying to make things happen, which is good. it is good for all purposes, whether i

. >> fineberg has done this in other instances in the past has been that about 90% of those who have cases go through the fund, opt-in. that's what general motors is hoping for. victims' attorneys, however, say the gm fund doesn't go far enough. today, at the press conference, we talked with one mother of a gm recall incident victim. here's what she had to say. >> absolutely it would send a message. you know, if dollars and cents is what gm is focused on before and maybe focused on again in the future, you know, that would send a message never, ever to do this again to anyone else. >> laura christian talking about sending a message by not opting into the fund and instead, taking general motors to court, seeking far greater punitive damages. shares of general motors up fractionally today, but simon and sue, the bottom line is this, this fund is going to be set up and taking claims starting on august 1st and they are hoping that by the end of this year, that they will reserve -- resolve a number of the claims involving these faulty gm ignition switches. >> at the same time, phil, you k

obviously, we heard from the company this morning, heard from fineberg, but did want to alert peoplell bring you up to date as soon as we get any news there >> also going to be talking later on with phil lebeau about the fineberg announcements from this morning. talk more about that later on in the show. in the meantime, dominic chu, thank you very much. >> always a pleasure, guys. >> love your professional voice, when you're voicing over that package. >> i'm gonna try to work on that got to be updated. >> very good. good facts. and very interesting, actually. really interesting stuff to think about. >> thank you, sir. >> welcome. >>> yahoo! a big upgrade today. street talk is on deck. >>> plus, can one of this year's hottest stars get a second half jolt? plus, of course, more on the gm news. stay tuned to street signs. if you have moderate to severe rheumatoid arthritis, like me, and you're talking to your rheumatologist about a biologic... this is humira. this is humira helping to relieve my pain. this is humira helping me lay the groundwork. this is humira helping to protect my jo

said that ken fineberg's fund he's going to administer the results of that. will start to roll out in the next couple weeks. we'll start to find out what's happening as far as victim compensation. it may be more than just the 13 deaths that g.m. has linked specifically to the ignition problem. she and mark royce both made very clear as well as dan, who sat there, taking questions from reporters, that they will want to compensate anybody that ken fineberg feels necessary to compensate. any families that had deaths due to this problem or any people that were seriously injured. i think the most important part we got out of this town hall meeting, though, were not the facts from the lucas report. we'll all be reading that and pulling out the facts for ourselves that we find most interesting, most important, but the most important thing was the cultural ask that mary barra had of all of her employees. remember it was an internal event. it was a town hall for the company. she wants whistle blowers to come out from now on. she wants a change in the way the company o

ken fineberg has essentially an open wallet.contributory negligence of the driver, intoxication, speeding, texting on a cell phone, et cetera, irrelevant under this program. >> gm will accept claims by august 1st. once you are paid out you can no longer sue the company. this is settling the claims and moving forward. >>> how far have we come since the financial crieses? this is a subprime loan. the subprime loan had a starring role in the housing bubble and caused foreclosures and plunge the economy in for dead. the subprime loan has returned sort of. does it still pose danger to our cover. we have john here. talk to us about subprime loans and are they back? >> we are seeing signs of them return nothing the housing market but frankly little in the mortgages. where i am seeing it in autoloans. double-digit loans for people with bad credit. you want a economy to get credit to those who need it most. but you worry when you start it see this kind of thing that it leads to it the risk- taking that got us in the last crisis. >> one o

kenneth fineberg will announce the terms of the plan in washington and says he will have an open wallet on the exact amount but we will get further information as they unfold. there won't be any cap on payments to victims. it has caused 50 more crashes and more than 15 deaths. the death toll could go into the millions of dollars if not billions of dollars. the 9-11 attack and bp oil spill. >> back to you. >> thanks, lori. >> 47 minutes after the top of the hour. instant karma for a guy on a motorcycle with serious road rage. >> days afteral harrowing escape this woman making a different harrowing plunge. steve doocy has more coming up on "fox & friends." >> good morning. on fox and friends the president nominates a former fortune 500 ceo and veteran as well. the embattled va. we are going to tell you all about him. exactly who is he? we have all of the details. also big labor in nobody care could take major hits when the supreme court rules on those two things. later on today we will explain. donald trump is going to join us live. plus a 2-year-old uses suri on an iphone to save her mot

kenneth fineberg is in charge of the plan.plans for the 9/1 9/11 victims. the experts think that the number is higher. g.m. admits that it knew about the problem a decade ago. it started to recall cars just this year. >>> it's friday. we made it. and going live with matt pelman. hello matt. >> we are going to make it home. i tell you brian and shirleen, when i spoke to everyone, at 9:00 this morning the ramp was blocked because of an overturned tractor-trailer. it remained blocked until 15 minutes ago when they finally re-opened the ramps. you are back in business. you can get on the southbound on the westbound side the schuylkill. it's a 44 minute ride. that should be 18 minutes. it's heavy villanova. the northbound side is locked up from the schuylkill to the mid-county tolls. it joins up up with the turnpike. due to another overturned truck on the eastbound turnpike on fort washington. you can squeeze by t. they plan to remove that truck after the rush-hour. the earlier block, eastbound sides are at the crawl. 202 into cent

. >> kenneth fineberg who handled the general motors and bp compensation funds says he alone will decide how much each person will get. gm has linked 13 deaths to faulty ignition switches. trial lawyers say there could be hundreds of claims of injuries and wrongful deaths. >>> so stocks were mixed today. the dow and the s&p 500 lost ground. this is also the halfway point on the trading calendar year. did you know that? well jen rogers knows that, and a bunch more. she's in for ali velshi. how are the markets looking the first half 2014? >> you know it's almost july. hello. it was hampered a lot by the cold winter but when all is said and done it has been a good first half of the year. for americans who invest in the stock market of which there are a lot the s&p 500 index, it often mimics the hold beings that americans have in their retirement and 401(k), the dow jones is up, four years running so we're going to take it. >> how are the other sort of broader financial markets faring at this point of the year? >> that's what's interesting, everything is up. u.s. corporate bonds are up, comm

. >> kenneth fineberg is in charge of this particular fund. says he alone, not gm will decide how much each person gets. gm has linked 13 deaths to faulty ignition switches. >>> the taliban has secured a foothold in the southern afghanistan regional. the test of forces as u.s. ant nato forces leave. jennifer glasse is in kabul. >> it has long been a haven for insurgent, it is the center for opium production. opium production was up in afghanistan this year over last year. this is the first year afghan forces are totally in the lead, especially in southern afghanistan. they fought and lost more than 120 forces in a very difficult summer long battle. this fight has been going on more than ten days. the afghan officials are saying at least 28 people have been killed. 28 afghan forces have been killed. many people have fled the area because of the fighting. the afghan military says tha thy have beaten them back but the taliban say they have a foothold there. this is a test of forces, as nadir intends to pull the forces out at the end of 2014. not

fineberg has confirmed that the compensation fund will not in any way address people who weren't killed. people who weren't seriously injured, whose value of the automobiles they purchased has been diminished because of all of the controversy over these parts that we've been talking about. were you aware of that? >> the comprehension program that mr. feinberg will dentally administer is for those who lost loved ones or those who suffered serious injury. the issue of the vehicle, or the value of the vehicle, is in front of the courts. >> and that will not be addressed by mr. feinberg? >> that is correct. >> now, one of the things we know is that by this year alone gm has issued an astonishes 44 recalls. cover 17.4 vehicles in the u.s. and 24 million worldwide. how many of those recalls, to your knowledge, relate to problems that were known to someone in gm before the bankruptcy sale order of july 2009? >> at the senior level of the company where the action would have been taken. >> so it's your testimony that none of those are covered? >> i'm not sure what you -- >> you're saying here to

ken fineberg has been hired by g.m. to run the compensation program.announced details of the plan. >> any individual claim ant who lost a loved one or anyone individual claiment who suffered a catastrophic injury defined in the protocol, i'll be glad to meet them privately, confidentialy and chat with them privately about any item or anything they'd like to talk about, honored to do so, glad to do so. >> joining me now from washington with more details on g.m.'s compensation program and today's new recall is bloomberg's tim higgins. great to have you with me. give us the details of what else is g.m. recalling and why? >> recalling another 8 1/2 million vehicles in north america, many of them for ignition problems. ignition problems are what started all this back in february when g.m. admitted that it had some compact cars with ignition switches that could go from the on position to the off position while driving if your knee bumped it or you hit a pot hole or something and then the car would stall and you'd have to drive it, you'd have to steer it with

finally, i promised we would engage ken fineberg to develop a just and timely program for compensating families who lost loved ones and those who suffered serious physical injury. we have done all of these things and more. and i welcome the opportunity to discuss them with you further. the report as you know is extremely thorough, brutally tough, and deeply troubling. it paints a picture of an organization that failed to handle a complex safety issue in a responsible way. i was deeply saddened and disturbed as i read the report. for those of us who have dedicated our lives to this company, it is enormously painful to have our shortcomings laid out so vividly. there's to way to minimize the serious of what mr. vol lucas and his investigators uncovered. on june 2, he presented the findings of his investigation to the board of directors of general motors. i will leave it to him to comment on his report. but for my part, i want you to know my reaction to the report and some of the actions i have taken since reviewing it. first, we have made a number of personnel decisions. 15 individuals i

kenneth fineberg, of the 9/11 victims fund, bp oil spill.es in line with what we were expecting? >> he gave examples. if someone's younger and they died, their potential earnings were much higher. if they were severely injured, a child, gave a range of $2.2 million to $7 million they could get. they have to prove the approximate cause is the ignition switch. gm said there is no cap. they will pay out whatever he determines. gm has no say in that, they have to pay what he determines. also, they're not counting contributory negligence if someone was speeding, texting -- >> i see -- >> he which be the judge and jury, the final arbiter. i want you to listen to this. we sat down for an extensive interview. what he talked about in terms of how on earth you really value a life. >> i guarantee you, as sure as anything, based on experience, there will be many, many claimants who will say, but is it enough? how can money ever be enough if you've lost a love one or a quadriplegic or permanent brain injury? money is a pretty poor substitute, i must say,

fineberg has confirmed that the compensation fund will not in any way address people who weren't killed. people who weren't seriously injured, whose value of the automobiles they purchased has been diminished because of all of the controversy over these parts that we've been talking about. were you aware of that? >> the comprehension program that mr. feinberg will dentally administer is for those who lost loved ones or those who suffered serious injury. the issue of the vehicle, or the value of the vehicle, is in front of the courts. >> and that will not be addressed by mr. feinberg? >> that is correct. >> now, one of the things we know is that by this year alone gm has issued an astonishes 44 recalls. cover 17.4 vehicles in the u.s. and 24 million worldwide. how many of those recalls, to your knowledge, relate to problems that were known to someone in gm before the bankruptcy sale order of july 2009? >> at the senior level of the company where the action would have been taken. >> so it's your testimony that none of those are covered? >> i'm not sure what you -- >> you're saying here to

. >> later today, an attorney kenneth fineberg will announce the details of a new compensation funds victims of the g.m. deadly ignition switch problem. the company hopes the program will be the final word on settlements with crash victims and their families. >> there's no reason that only two weeks after he died i got the first recall. they knew about it. >> the stories of loss have been broadcast nationally. >> g.m. needs to be held accountable for their actions. >> now g.m. says it will make amends, it's hired kenneth feinberg to decide on the price of a life. he sorted the claims with the 9/11 victims in a process that saw bankers earn more than waiters on earnings potential and was hired by b.p. to settle things after the deep water horizon disaster. accidents cut the vehicle's power and disabled airbags. independent audits of federal data show 309 deaths due to air bags not deploying with another 229 injured. it's not clear if he will limit liability to air bag deployment or include loss of control due to power steering and brake failure. that would hugely increase the number o

we will have to ask kenneth fine fineberg. >> thank you for telling us this of the story of the familiest comes down to. >>> coming up a homecoming interrupted. celebration in honor of bowe bergdahl cancelled over the controversy with the prisoner swap with the taliban continue to grow. we will hear from a friend in sergeant bergdahl's idaho town coming up. we grow big celebrations, and personal victories. we grow new beginnings, and better endings. grand gestures, and perfect quiet. we grow escape, bragging rights, happier happy hours. so let's gro something greater with miracle-gro. what will you grow? share your story at miraclegro.com. you don't try to catch... ...will get away. seize the summer with up to 40% off hotels from travelocity. and you want to get an mba. but going back to school is hard. because you work. now capella university offers a revolutionary new way to get your degree. it's called flexpath, and it's the most direct path, leveraging what you've learned on the job and focusing on what you need to know. so you can get a degree at your pace and graduate at the speed