InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,071.63
(
0.02%
)
US TECH 100
16,896.40
(
-0.96%
)
Dow Jones
38,460.92
(
-0.11%
)
Brent Oil
87.54
(
0.36%
)
Bitcoin
63,743.27
(
-0.83%
)
Post# of 13538
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

NYBob

Send PM Follow Ignore
Followers 1080
Posts 106002
Boards Moderated 55
Alias Born 11/22/2003

NYBob

Member Level

Re: NYBob post# 1166

Thursday, 07/12/2007 5:31:28 AM

Thursday, July 12, 2007 5:31:28 AM

Post# of 13538
You’ve got to be lucky to make $4 Billion killing -
on a 6-month investment of $124 Million -
"Lucky Larry" Silverstein -

Larry Silverstein is the New York property tycoon who
purchased the entire WTC complex just 6 months prior to
the 9/11 attacks.
That was the first time in its 33-year history the complex
had EVER changed ownership.

Mr. Silverstein’s first order of business as the new owner
was to change the company responsible for the security of
the complex.
The new security company he hired was Securacom
(now Stratasec). George W. Bush's brother, Marvin Bush,
was on its board of directors, and Marvin’s cousin,
Wirt Walker III, was its CEO.
According to public records, not only did Securacom
provide electronic security for the World Trade Center,
it also covered Dulles International Airport and
United Airlines — two key players in the 9/11 attacks.

The company was backed by an investment firm, the
Kuwait-American Corp., also linked for many years to
the Bush family.
KuwAm has been linked to the Bush family financially since
the Gulf War.
One of its principals and a member of the Kuwaiti royal
family, Mishal Yousef Saud al Sabah, served on the board
of Stratesec.

Now, consider: The members of a small cabal owned the
WTC complex, controlled its electronic security, and
also controlled the security not only for one of the
airlines whose aircraft were hijacked on 9/11, but the
airport from which they originated.

Another little “coincidence” -- Mr. Silversten, who made
a down-payment of $124 million on this $3.2 billion complex,
promptly insured it for $7 Billion.
Not only that, he covered the complex against
“terrorist attacks”.

Following the attacks, Silverstein filed TWO insurance
claims for the maximum amount of the policy ($7B), based
on the two -- in Silverstein's view -- separate attacks.
The insurance company, Swiss Re, paid Mr. Silverstein $4.6
Billion — a princely return on a relatively paltry
investment of $124 million.

There’s more. You see, the World Trade Towers were not
the real estate plum we are led to believe.
From an economic standpoint, the trade center --
subsidized since its inception by the NY Port Authority --
has never functioned, nor was it intended to function,
unprotected in the rough-and-tumble real estate marketplace.
How could Silverstein Group have been ignorant of this?

The towers required some $200 million in renovations and
improvements, most of which related to removal and
replacement of building materials declared to be health
hazards in the years since the towers were built.
It was well-known by the city of New York that the WTC was
an asbestos bombshell.
For years, the Port Authority treated the building like
an aging dinosaur, attempting on several occasions to
get permits to demolish the building for liability reasons,
but being turned down due the known asbestos problem.
Further, it was well-known the only reason the building
was still standing until 9/11 was because it was too costly
to disassemble the twin towers floor by floor since the
Port Authority was prohibited legally from demolishing
the buildings.

The projected cost to disassemble the towers:
$15 Billion.
Just the scaffolding for the operation was estimated
at $2.4 Billion!

In other words, the Twin Towers were condemned structures.
How convenient that an unexpected “terrorist” attack
demolished the buildings completely.

WTC Building 7 was a part of the WTC complex, and covered
under the same insurance policy.
This 47-storey steel-framed structure, which was NOT struck
by an aircraft, mysteriously collapsed 8 hours later that
same day into its own footprint at freefall speed —
exactly in the manner of the Twin Towers.

How could this have happened?
Mr. Silverstein gave the world the answer when he slipped
up during a PBS television interview a year later,
on 9/11/2002:

"I remember getting a call from the...er...fire department
commander, telling me that they were not sure they were
gonna be able to contain the fire, and I said, 'We've had
such terrible loss of life, maybe the smartest thing to do
is pull it.'
And they made that decision to pull and we watched the
building collapse."

As anyone who knows anything about construction can tell you,
“Pull” is common industry jargon for a controlled demolition.

One thing is for sure, the decision to 'pull' WTC 7 would
have delighted many people.
Especially because it has been reported that thousands of
sensitive files relating to some of the biggest financial
scams in history —
including Enron and WorldCom -- were stored in the offices
of some of the building’s tenants:

* US Secret Service
* NSA
* CIA
* IRS
* BATF
* SEC
* NAIC Securities
* Salomon Smith Barney
* American Express Bank International
* Standard Chartered Bank
* Provident Financial Management
* ITT Hartford Insurance Group
* Federal Home Loan Bank

The Securities and Exchange Commission has not quantified
the number of active cases in which substantial files
were destroyed by the collapse of WTC 7.
Reuters news service and the Los Angeles Times published
reports estimating them at 3,000 to 4,000.
They include the agency's major inquiry into the manner
in which investment banks divvied up hot shares of
initial public offerings during the high-tech boom.
..."Ongoing investigations at the New York SEC will
be dramatically affected because so much of their work
is paper-intensive," said Max Berger of New York's Bernstein
Litowitz Berger & Grossmann.
"This is a disaster for these cases."

Citigroup says some information that the committee is
seeking [about WorldCom] was destroyed in the Sept. 11
terror attack on the World Trade Center.
Salomon had offices in 7 World Trade Center.
The bank says that back-up tapes of corporate emails
from September 1998 through December 2000 were stored
at the building and destroyed in the attack.

Inside WTC 7 was the US Secret Service's largest field
office with more than 200 employees.
"All the evidence that we stored at 7 World Trade, in all
our cases, went down with the building," according to
US Secret Service Special Agent David Curran.

What a neat, complete, and fortuitous turn of events was 9/11.

Incidentally, it’s worth noting that one of
Lucky Larry’s closest friends —
a person with whom it’s said he speaks almost daily by phone —
is none other than former Israeli Prime Minister Benjamin
Netanyahu.

More on that cozy little relationship later...

http://tinyurl.com/23hxzz

http://tinyurl.com/2g2nsj

history repeat itself -

100mil Christians in Russia was killed -
by 666trotsky-bolshevikz-evilz -

http://tinyurl.com/3c5gn

FYS Pray for Dr. RP -
http://www.whitecivilrights.com/ron-paul-gets-double-the-crowd-in-iowa_864.html

http://tinyurl.com/2g2nsj

Tribute 911 - thank You -

http://runningwolf.wolf-running.com/Tribute911/thankyou.htm

Don't talk about what you have done -
or what you are going to do -
Liberty is to the collective body -
what health is to every individual body -
Without health no pleasure can be tasted by man -
without liberty -
no happiness can be enjoyed -
by society -

God Bless -
http://www.888c.com/
Amen

http://www.investorshub.com/boards/read_msg.asp?message_id=21151306

http://www.investorshub.com/boards/read_msg.asp?message_id=14278675

http://www.investorshub.com/boards/replies.asp?msg=14278675

http://www.investorshub.com/boards/read_msg.asp?message_id=21068375

http://www.investorshub.com/boards/read_msg.asp?message_id=21106569






Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up