Silverstein laughs all the way to the bank
by Kevin Barrett
In today’s news, American Home Assurance has announced that it is capping payouts for WTC-demolition asbestos claims at a measly $10 million.
The announcement underlines just how much cheaper it is to demolish asbestos-laden skyscrapers without a permit, than to follow legal procedures.
Larry Silverstein, a reputed illicit-sex-industry mobster, purchased the World Trade Center in 2001, shortly after the New York Port Authority lost an asbestos lawsuit and was ordered to remove all asbestos from the Twin Towers. Cost estimates for that asbestos removal ranged from the low billions to the tens of billions – far more than the outdated, half-empty buildings were worth. (The City of New York had been desperately seeking a way to demolish the Towers since around 1990, but was prevented from doing so by asbestos issues.)
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