BP fund overseer gives credit to Realtors Premium Content

Feinberg: Associations' compensation program 'continues to work'

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Oil slick in the Gulf of Mexico, June 26, 2010. Flickr image courtesy of <a href="http://www.flickr.com/photos/gsfc/4737317432/sizes/z/in/photostream/">NASA Goddard Photo and Video</a>.Oil slick in the Gulf of Mexico, June 26, 2010. Flickr image courtesy of NASA Goddard Photo and Video.

NEW ORLEANS -- Kenneth Feinberg -- the attorney overseeing a $20 billion fund set up to compensate victims of the BP oil spill in the Gulf of Mexico -- received three standing ovations Sunday when he addressed Realtors at their annual convention.

Realtors and association executives rose to their feet and unleashed a spontaneous round of applause when Feinberg walked into a meeting room at the Ernest N. Morial Convention Center, a few minutes late.

Feinberg got another standing ovation when he finished briefing the group on the progress the Gulf Coast Claims Facility, as the third-party administrator of the relief fund is known, has made in distributing funds set aside by oil giant BP.

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