General Motors’ Compensation Fund Will Be ‘Generous And Fair’ To Victims2
Kenneth Feinberg told Bloomberg Television that General Motors’ recall compensation fund is “going to be generous and fair to the victims [of ignition switch failures].”
Feinberg, hired by General Motors to administer funds to victims involved in accidents in specific General Motors vehicles with faulty ignitions, reiterated to Bloomberg Television that, “GM will pay anyone who proves they were injured in a crash tied to the faulty switches in one of 2.59 million recalled cars, even if they were drunk or texting on their phone at the time of the accident.”
General Motors openly claims knowledge to 13 deaths related to the faulty ignition switches, though evidence points to the fact that this number may be greater.
Feinberg will begin taking claims on August 1. Victims have until December 31, to make their claim. While one lawmaker asked for an extension to this deadline, Feinberg has stated that he believes the deadline forces “people to gather together their documentation and get the claim in.”
Feinberg added to Bloomberg Television that there is “a cautious optimism” within GM’s victim program, but that “Until that money begins to flow to eligible claimants –injured, killed — I think everybody is sort of waiting to see.”
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I wish said it would be fair to those who deserve it.
There should be deductions for things the driver did that impaired their own actions.
Sorry drunk driving, using drugs or no seat belt should be rewarded. Time for society to stop rewarding bad behavior no matter if it is corporate or personal.
Sorry if you were found over the limits, 3 times the speed limit and no seat belt you should get nothing.
Now if you were belted in and has no impairment while not over the limit lets talk.
If GM is totally at fault hold them to it but if you have someone who may have been alive today but are not due to one or more actions of their own GM should not pay for all of that.
It is sad when I was run off the road the other guys insurance company tried hard to pay me off to keep from suing them and all I wanted was my car fixed. Yes he f’d up and I had a couple burns and cuts from the air bag but I only wanted my car fixed as new. No wonder this world is such a mess.
There would be no General Motors if we stopped rewarding bad behavior.