Boston compensation mission brings Feinberg back to home turf
* Feinberg oversaw victim funds after 9/11, Aurora shootings
* Lessons from other catastrophes: get money out fast
* Should rich and poor victims get the same pay-outs?
By Ross Kerber
BOSTON, May 7 (Reuters) - Kenneth Feinberg, America's Solomon of catastrophe compensation, spoke in Boston on Tuesday on how the city can navigate what he called the biblical choices in getting money to victims of the April 15 bombings.
He also tamped down hopes of big payouts.
"There's not enough money here to pay everybody," the Washington mediation attorney told an open meeting held at the Boston Public Library, just steps from the site of the first of two blasts that killed three people and injured 264. "Lower your expectations," he said.
Local leaders so far have collected $28 million in cash and pledges for The One Fund Boston and tapped Feinberg - a native of nearby Brockton - as its administrator. Feinberg now faces what he said were "choices that come, I think, right out of the Bible in determining who gets what."
Drawing on his experience overseeing funds that compensated victims after events such as the Sept. 11, 2001, attacks and the theater shootings in Aurora, Colorado, Feinberg ran a gathering that was part therapy session and part wealth-management seminar. Continued...