Finally, $3.4 Billion Compensation to Native Americans

[Bobbieo]

WINDOW ROCK, AZ – The federal government offered a $3.4 billion settlement Tuesday in the 13-year-old Cobell class-action lawsuit regarding its mismanagement of more than 300,000 individual Indian trust accounts.

Of that amount, $1.4 billion – minus attorney fees – will be distributed to class members to compensate them for their historical accounting claims, and to resolve potential claims that prior U.S. officials mismanaged the administration of trust assets.

December 14th, 2009 - Native Unity - http://nativeunity.blogspot.com

[maxsolomon]

1. cue republican objections in 3... 2... 1...

$1,400,000,000/300,000 = $4,666.66/individual account (minus attorney's fees, natch).

we're getting off cheap.

[mix]

3. it's a pittance, really nt

[Vehl]

8. yep.

tis but a pittance indeed, considering how much they have lost, and how much others have gained from their loss

[dgibby]

2. It's about time. n/t

[stray cat]

4. Lets pass that bill onto the kids as well - along with the rest of the US debt

After all our generation doesn't want to pay more in taxes - we don't even want to pay for health care.

[Brewman_Jax]

5. Long overdue

esp. by a government that's entrusted to function on behalf of the Indians--and history shows that it has never done so.

[BridgeTheGap]

6. This isn't fair! The banksters need this money for bonuses! n.t

[dicenator]

7. about bloody time