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Israel/Zionism
See other Israel/Zionism Articles

Title: Jews attack leading alternative 9/11 scholar Dr. Steven Jones
Source: http://www.originaldissent.com/forums/showthread.php?p=16004
URL Source: http://OD
Published: Sep 14, 2006
Author: Tad Walch
Post Date: 2006-09-14 06:11:04 by bluegrass
Keywords: None
Views: 1936
Comments: 63

PROVO — Stung by what he said are false accusations of anti-Semitism, Brigham Young University physics professor Steven Jones said Wednesday he has decided to stop talking about who might have been behind what he has alleged was government involvement in the Sept. 11, 2001, terrorist attacks.

"That's what I've resolved for the future, even when pushed," Jones told the Deseret Morning News. "I'll stick with the science, thank you."

Jones began last year to research the physics behind the way the World Trade Center towers fell. Disturbed by the remarkable speed with which they fell and emboldened by his own experiments on ground zero materials, he developed a hypothesis that the collapse of the towers was aided by pre-positioned demolition charges. He later began to say the charges must have been set by a group inside the U.S. government.

BYU placed Jones on paid leave last week, in part for what it called "the increasingly speculative and accusatory nature of these statements by Dr. Jones."

The action came two days after Jones appeared on KUER-FM 90.1's respected news talk show "Radio West." On the show, he said it appeared responsibility for the attacks rested with Paul Wolfowitz, Richard Perle and an "international banking cartel."

The statement drew immediate response from Jews who said they were offended because references to international banking have for decades been used by anti-Semitic groups as codespeak to blame Jews for various problems. Hitler often blamed "international financiers" for Germany's debt after World War I.

A spokesman for the Anti-Defamation League said he will recommend in a committee meeting tomorrow that the ADL send a letter to BYU complaining about the comments and expressing concern that such comments might be made by Jones in his classes. BYU relieved Jones of his teaching load this semester while it conducts a formal review of his research and statements.

"Wow, I don't know if he could be any clearer," said Jonathan Bernstein, regional director of the Anti-Defamation League for California, Utah and Hawaii. "This is the language we hear from David Duke and other hatemongers who want to scapegoat Jews."

Jones was flummoxed by the accusation, saying he was "startled" when told the phrase carried anti-Semitic overtones. He wasn't sure where he got the phrase because he was referring to the work of Webster Tarpley, a historian and member of the Scholars for 9/11 Truth, a group co-founded by Jones. Tarpley refers only to a shadowy, rogue network, not to international bankers.

"I'll name them as Tarpley names them," Jones said on KUER. "Wolfowitz and Perle, in particular — they do happen to be neocons — but there is a much larger group behind these (attacks) which is the international banking cartel which controls trillions of dollars and which has an interest in controlling countries in the Middle East which are not under their control."

Jones said his reference to international banking might have been influenced by Cleon Skousen, a former BYU instructor and author who claimed international bankers were behind the rise of communism and fascism. Jones shared his research on 9/11 at Skousen's home in the fall of 2005 before Skousen died.

Jones said he regrets talking about who might have been behind the attacks and from now on will leave that investigation to Tarpley and other members of the self-named "9/11 truth movement." "In the past, numerous times I deferred to those experts," Jones said. "This time I said, in my opinion, (Tarpley's) right. But I also think that's way outside the research I specialize in. I think it's smarter to leave the tasks of who should be investigated to those who specialize in those things."

Instead, he'll concentrate on his research about evidence from ground zero and the intriguing, unsettled questions about why the third World Trade Center building, Building Seven, fell later on Sept. 11 without being struck by a plane. A report by the National Institute of Standards and Technology is due early next year.

Jones contends measurements he took of a sample of the molten metal found under all three buildings show it is not aluminum from the planes nor structural steel.

"I can be proven wrong," Jones said. "I accept that. But whoever does it will have to explain this molten metal to me, and especially all the barium found. That's nasty stuff that's not going to be used in a building."

Jones said he doesn't blame Jews for the attacks.

"I had no idea this would be some sort of codespeak for anti-Semitism," Jones said. "It is not right to link such a group to Jews."

Salt Lake Valley resident Scott Klepper said Jones' statements were hurtful. "As a Jew, I view Jones' unsubstantiated conclusion as an affront to the Jewish community, to BYU and to real researchers and academics." Subscribe to *Hasbarfa Alert*

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#1. To: Lady X, noone 222, Brian S, christine, Zipporah, robin, Zoroaster, BTP Holdings, Horse, Brian S, Jethro Tull, Tauzero, Red Jones, mugwort, Peetie Wheatstraw, HOUNDDAWG, Uncle Bill, Dakmar, tom007, aristeides, Eoghan, Cynicom, loner (#0)

BYU placed Jones on paid leave last week, in part for what it called "the increasingly speculative and accusatory nature of these statements by Dr. Jones."

The action came two days after Jones appeared on KUER-FM 90.1's respected news talk show "Radio West." On the show, he said it appeared responsibility for the attacks rested with Paul Wolfowitz, Richard Perle and an "international banking cartel."

The statement drew immediate response from Jews who said they were offended because references to international banking have for decades been used by anti-Semitic groups as codespeak to blame Jews for various problems. Hitler often blamed "international financiers" for Germany's debt after World War I.

Why are Jews so interested in protecting 9/11 - The Official Story?

Jews also seem pretty damn touchy about bankers.

"Stiff-necked and thin-skinned is no way to go through life, son."

bluegrass  posted on  2006-09-14   6:14:24 ET  Reply   Trace   Private Reply  


#2. To: bluegrass (#0)

"As a Jew, I view Jones' unsubstantiated conclusion as an affront to the Jewish community, to BYU and to real researchers and academics."

Screw the Jews and the Jewish community ... if they don't like being confronted for their actions they should move to Russia where most of them originated.

"eventus stultorum magister"

Fools must be taught by experience

noone222  posted on  2006-09-14   7:01:16 ET  Reply   Trace   Private Reply  


#3. To: noone222 (#2)

If Americans don't get over their fear of being called names for questioning the motives and actions of organized Jewry, the dictatorship we claim to oppose will be on us faster than we can imagine.

If a tenured professor is being put "on leave" because he pissed off some Jews, it's already here.

"Stiff-necked and thin-skinned is no way to go through life, son."

bluegrass  posted on  2006-09-14   7:14:07 ET  Reply   Trace   Private Reply  


#4. To: bluegrass (#0) (Edited)

A spokesman for the Anti-Defamation League said he will recommend in a committee meeting tomorrow that the ADL send a letter to BYU complaining about the comments and expressing concern that such comments might be made by Jones in his classes.

Why would the ADL be so bothered by Prof. Jones and his wacky (/sarcasm) theories? Answer: 911 led to Iraq which is Israel's deal. It's time for those with their heads planted in their anatomy to do some remidial research. Don't rely on what is posted or said; do your own work. I honestly believe it will change your opinion.

Jethro Tull  posted on  2006-09-14   8:11:45 ET  Reply   Trace   Private Reply  


#5. To: bluegrass (#0)

Hitler often blamed "international financiers" for Germany's debt after World War I.

Poor olde Adolph, can't get any rest.

All evil of the world BEGAN and ENDED with Adolph. Had Hitler killed only German and other Christians, like some others we know, I doubt his name would ever be raised.

Cynicom  posted on  2006-09-14   8:19:10 ET  Reply   Trace   Private Reply  


#6. To: Jethro Tull (#4)

Answer: 911 led to Iraq which is Israel's deal.

That the ADL is now involved is a giant, blinking neon sign that points to Zionist collusion in 9/11 on some level or another.

"Stiff-necked and thin-skinned is no way to go through life, son."

bluegrass  posted on  2006-09-14   8:23:15 ET  Reply   Trace   Private Reply  


#7. To: bluegrass (#6)

That the ADL is now involved is a giant, blinking neon sign that points to Zionist collusion in 9/11 on some level or another.

When Hillary becomes exalted leader for life, you will be in big trouble.

Our resident zionist denizens are aready making lists.

Cynicom  posted on  2006-09-14   8:25:51 ET  Reply   Trace   Private Reply  


#8. To: Cynicom (#5)

Had Hitler killed only German and other Christians, like some others we know, I doubt his name would ever be raised.

Lazar Kaganovich had a hand in killing more people than Hitler did. How many Americans know his name?

It's no coincidence that the ADL and the Federal Reserve were founded in the same year. The Jewish bankers knew they'd need someone to run interference for them down the road.

"Stiff-necked and thin-skinned is no way to go through life, son."

bluegrass  posted on  2006-09-14   8:26:10 ET  Reply   Trace   Private Reply  


#9. To: Cynicom (#7)

When Hillary becomes exalted leader for life, you will be in big trouble.

She'll make me read her college papers as punishment.

"Stiff-necked and thin-skinned is no way to go through life, son."

bluegrass  posted on  2006-09-14   8:27:54 ET  Reply   Trace   Private Reply  


#10. To: bluegrass (#8)

. The Jewish bankers

In 1937, responding to a letter from Winston Churchill, former Chancellor Dr. Heinrich Bruning, told Churchill that from 1928 on, the two most regular financial contributors to Hitler and Nazis, were managers of two of Berlins biggest banks. Both were Jews, one was head of the zionist movement in Germany.

Cynicom  posted on  2006-09-14   8:31:52 ET  Reply   Trace   Private Reply  


#11. To: bluegrass (#8)

Lazar Kaganovich had a hand in killing more people than Hitler did.

The Bush's are hoping Guinness will recognize their efforts and list them appropriately after WW III.

"eventus stultorum magister"

Fools must be taught by experience

noone222  posted on  2006-09-14   8:35:49 ET  Reply   Trace   Private Reply  


#12. To: Cynicom (#10)

Was one of them Max Warburg?

"Stiff-necked and thin-skinned is no way to go through life, son."

bluegrass  posted on  2006-09-14   8:36:33 ET  Reply   Trace   Private Reply  


#13. To: noone222 (#11)

The Bush's are hoping Guinness will recognize their efforts and list them appropriately after WW III.

I wish someone would post the pic of Rabbi Bush at the whining wall with his little beanie on.

Cynicom  posted on  2006-09-14   8:38:19 ET  Reply   Trace   Private Reply  


#14. To: bluegrass (#6)

To anyone with a curious bone in their body, google Israeli movers and 911 - Here's a quickie, but like our mothers said long ago, it's better if we do the work ourselves. I also posted the Youtube version of the Carl Cameron Fox News series about the Israel connection. It's here somewhere.

Consider this for a real estate deal: Larry Silverstein borrowed $125 million from two fellow tribesmen, purchased the 99 year lease on the WTC in July of '01. Six weeks later, along comes Ali Baba and his 18 thieves and down goes his investment - after he ordered Bld 7 "pulled." Said $125 million now becomes more than $4.5 billion for Silverstein (Bld 7 is insured separately for $800 million) *and* the Port Authority agrees to pay the two original investors their $125 million back.

Is it any wonder why Abe Foxman is involved?

Jethro Tull  posted on  2006-09-14   8:39:18 ET  Reply   Trace   Private Reply  


#15. To: bluegrass (#12)

Was one of them Max Warburg?

Only excerpts of the letter are avialable on the net, no names. I have been trying to find entire letter. I forget what organization has the letter.

Cynicom  posted on  2006-09-14   8:40:16 ET  Reply   Trace   Private Reply  


#16. To: bluegrass (#8)

When the facts replace the fables regarding the "parasitic" "murdering" "antagonistic" "war-mongering" Jews, and their self appointed claim of "chosen people" status is "terminated" ... their whole house of cards tumbles down.

"eventus stultorum magister"

Fools must be taught by experience

noone222  posted on  2006-09-14   8:42:53 ET  Reply   Trace   Private Reply  


#17. To: Jethro Tull (#14)

Is it any wonder why Abe Foxman is involved?

The next step is to make him lose his job. If he still doesn't shut up and he has any kind of public voice left, they'll try to ensnare him in a legal bramble.

"Stiff-necked and thin-skinned is no way to go through life, son."

bluegrass  posted on  2006-09-14   8:43:12 ET  Reply   Trace   Private Reply  


#18. To: Jethro Tull (#14)

Is it any wonder why Abe Foxman is involved?

Jethro...

Good heavens...are you in any way suggesting there might have been ulterior motives in 911????

Shocked I tell you, I am shocked that anyone would have profitited.

Cynicom  posted on  2006-09-14   8:44:09 ET  Reply   Trace   Private Reply  


#19. To: Cynicom (#15)

I have a copy of a 1784 newspaper piece from The Independent Gazetteer of Philadelphia written by Jewish banker Haym Salomon in which he blames usury on the Quakers. It's a classic.

"Stiff-necked and thin-skinned is no way to go through life, son."

bluegrass  posted on  2006-09-14   8:46:04 ET  Reply   Trace   Private Reply  


#20. To: Cynicom (#18)

Not only did they make a few bucks Cyni, they got Iraq in the bonus round.

Jethro Tull  posted on  2006-09-14   8:46:08 ET  Reply   Trace   Private Reply  


#21. To: Jethro Tull (#20)

they got Iraq in the bonus round.

Jethro...

Please do not mention Iraq. I supported that abortion in the beginning and am ashamed.

I hope dems impeach Bush but somehow being a one party system that will never happen.

We need Civil War 2 (CW2) now.

Cynicom  posted on  2006-09-14   8:50:35 ET  Reply   Trace   Private Reply  


#22. To: bluegrass (#19)

I have a copy of a 1784 newspaper

Blue...

Is it avail on net????

Cynicom  posted on  2006-09-14   8:51:26 ET  Reply   Trace   Private Reply  


#23. To: Cynicom (#22)

Not yet. There's a few references to it:

"a jew broker" 1784

I'll scan it and post it in the next few days.

"Stiff-necked and thin-skinned is no way to go through life, son."

bluegrass  posted on  2006-09-14   8:56:46 ET  Reply   Trace   Private Reply  


#24. To: Cynicom (#21)

Cyni, don't fret about supporting Iraq - I was late getting on board the 911 deception train. I can't explain some aspects, yet others make eminent sense. In the end, I'm sure some levels of our govt had advanced knowledge, the event made lots of money for some, and it advanced the PNAC agenda. Now that the ADL is trying to make 911 denial a sin, I'm certain I'm right :)

Jethro Tull  posted on  2006-09-14   9:23:27 ET  Reply   Trace   Private Reply  


#25. To: bluegrass (#0)

The statement drew immediate response from Jews who said they were offended because references to international banking have for decades been used by anti-Semitic groups as codespeak to blame Jews for various problems.

The Truth Hurts. So they start to Whiiine. LOL.



***LEAP***

"I tell you, freedom and human rights in America are doomed. The U.S. Government will lead the American people, and the West in general, into an unbearable hell and choking life.
-- Osama bin Laden
"A prohibition law strikes at the very principles upon which our govt was founded."
- Lincoln
All our liberties are due to men who, when their conscience has compelled them, have broken the laws of the land.
--William K Clifford

IndieTX  posted on  2006-09-14   9:26:24 ET  Reply   Trace   Private Reply  


#26. To: Cynicom (#13)

The Bushes and the Jews. Explaining the president's philo-Semitism

christine  posted on  2006-09-14   9:56:29 ET  (1 image) Reply   Trace   Private Reply  


#27. To: christine (#26)

The Bushes and the Jews. Explaining the president's philo-Semitism

Thats the pic one rarely sees in MSM.

Thanks...

Cynicom  posted on  2006-09-14   10:03:26 ET  Reply   Trace   Private Reply  


#28. To: Cynicom, itisa1mosttoolate (#27)

cyni, there's also one where he's butt up in a mosque. iiatl, can you find that pic?

BUSH LOVES MUSLIMS

How many United States Presidents have walked into a mosque, taken their shoes off, and in front of hundreds of media journalists and photographers, approached the Imam of that mosque and lay a kiss upon his cheek, followed by a hug? Only one President did such actions, and that was President Bush. The only other President to actually have visited a Mosque was President Eisenhower.

In addition, he did it shortly after September 11th of 2001. In doing so, especially in front of so much media, he made sure that everyone in America and the world would have the chance to see it! President Bush wanted the world to know that he accepts and embraces Islam, despite the blame that many people were putting upon the religion.

christine  posted on  2006-09-14   10:20:46 ET  Reply   Trace   Private Reply  


#29. To: bluegrass (#0)

"Wow, I don't know if he could be any clearer," said Jonathan Bernstein, regional director of the Anti-Defamation League for California, Utah and Hawaii. "This is the language we hear from David Duke and other hatemongers who want to scapegoat Jews."

Jones was flummoxed by the accusation, saying he was "startled" when told the phrase carried anti-Semitic overtones. He wasn't sure where he got the phrase because he was referring to the work of Webster Tarpley, a historian and member of the Scholars for 9/11 Truth, a group co-founded by Jones. Tarpley refers only to a shadowy, rogue network, not to international bankers.

"I'll name them as Tarpley names them," Jones said on KUER. "Wolfowitz and Perle, in particular — they do happen to be neocons — but there is a much larger group behind these (attacks) which is the international banking cartel which controls trillions of dollars and which has an interest in controlling countries in the Middle East which are not under their control."

Mr. Bernstein, yours is the language of someone who is trying to stop a witness from testifying.

Could the ADL be more ham-handed? I've known 6 year olds with better skills in deception. The ADL is so transparent.

"If there’s another 9/11 or a major war in the Middle-East involving a U.S. attack on Iran, I have no doubt that there will be, the day after or within days an equivalent of a Reichstag fire decree that will involve massive detentions in this country."

- Daniel Ellsberg Author, Pentagon Papers

robin  posted on  2006-09-14   10:25:27 ET  Reply   Trace   Private Reply  


#30. To: robin (#29)

The ADL and its ilk played the "David Duke card" with Walt and Mearshimer too. That guy deserves to be paid by them for all the times the ADL invokes his name for the sake of the its agenda.

Peetie Wheatstraw  posted on  2006-09-14   10:47:05 ET  Reply   Trace   Private Reply  


#31. To: Peetie Wheatstraw (#30)

lol! It's funny 'cause someone here was complaining that Duke hasn't connected 9/11 to Mossad. I'm not even sure if that's accurate. But if it is, then you could be correct!

"If there’s another 9/11 or a major war in the Middle-East involving a U.S. attack on Iran, I have no doubt that there will be, the day after or within days an equivalent of a Reichstag fire decree that will involve massive detentions in this country."

- Daniel Ellsberg Author, Pentagon Papers

robin  posted on  2006-09-14   10:49:48 ET  Reply   Trace   Private Reply  


#32. To: robin (#31)

lol! It's funny 'cause someone here was complaining that Duke hasn't connected 9/11 to Mossad. I'm not even sure if that's accurate. But if it is, then you could be correct!

*SIGH!* Yes, there're some who are kind of "mirror images" of the ADL: whereas the ADL has people like Jones mentioning the Jews in connection with 9/11 even when he's not mentioning them, for its "mirror image" types, if you're not mentioning the Jews in connection with something, you're covering up for them... (But goodness knows, there's no one like that here... ;))

Peetie Wheatstraw  posted on  2006-09-14   11:05:22 ET  Reply   Trace   Private Reply  


#33. To: Jethro Tull (#4)

I honestly believe it will change your opinion.

goyishe kopf


"Take him to the tree of Wobegon." -- Thulsa Doomshowitz

Tauzero  posted on  2006-09-14   13:24:46 ET  Reply   Trace   Private Reply  


#34. To: christine (#26)

In 1998, George W. Bush took his first and only trip to the Holy Land. During a helicopter tour—guided by none other than Ariel Sharon—Bush was astonished to discover how tiny Israel is compared to its Arab neighbors.

It's kinda like the Mercator projection.


"Take him to the tree of Wobegon." -- Thulsa Doomshowitz

Tauzero  posted on  2006-09-14   13:59:17 ET  Reply   Trace   Private Reply  


#35. To: Jethro Tull (#14)

(Bld 7 is insured separately for $800 million)

JT, do you know if Silverstein was paid under this policy for the 9/11 collapse? Do you know which coverage provision? I'd really like to know if he had a "terrorist acts" coverage provision for 7 as well as 1 & 2---were they all insured under the same policy? Was there a finding---by the insurer or a court---that 7 was destroyed as a result of a "terrorist act"? I think the answers to those questions bear significantly on the overall puzzle that 9/11 Truth is trying to solve.

Peetie Wheatstraw  posted on  2006-09-14   14:05:09 ET  Reply   Trace   Private Reply  


#36. To: christine (#28)

there's also one where he's butt up in a mosque. iiatl, can you find that pic

I need a better description of what you're talking about.

The mind once expanded by a new idea never returns to its' original size

Itisa1mosttoolate  posted on  2006-09-14   17:54:20 ET  Reply   Trace   Private Reply  


#37. To: Itisa1mosttoolate (#36)

Actor Ron Silver gets into the sayan patriot mode also...

9/11: Conspiracy and Celebration in the Arab World

“Yes, but is this good for Jews?"

Eoghan  posted on  2006-09-14   18:06:21 ET  Reply   Trace   Private Reply  


#38. To: bluegrass (#1)

"Wow, I don't know if he could be any clearer," said Jonathan Bernstein, regional director of the Anti-Defamation League for California, Utah and Hawaii. "This is the language we hear from David Duke and other hatemongers who want to scapegoat Jews."

this is an absolutely disgusting and flagrant smearing of Stephen Jones by this ADL scum.

christine  posted on  2006-09-14   18:10:36 ET  Reply   Trace   Private Reply  


#39. To: Itisa1mosttoolate (#36)

i thought i remembered seeing a photograph of bush visiting a mosque and assuming the position of worship?

christine  posted on  2006-09-14   18:12:03 ET  Reply   Trace   Private Reply  


#40. To: Peetie Wheatstraw (#35)

Peetie

Jury boosts insurance payout for WTC lessor


The Record (Bergen County, NJ); 12/7/2004; LARRY NEUMEISTER, THE ASSOCIATED PRESS


The Record (Bergen County, NJ)

12-07-2004


Jury boosts insurance payout for WTC lessor -- Splits 9/11 attack into 2 occurrences
By LARRY NEUMEISTER, THE ASSOCIATED PRESS
Date: 12-07-2004, Tuesday
Section: NEWS
Edtion: All Editions.=.Two Star B. Two Star P. One Star B


A jury's finding Monday that the Sept. 11 attack by two hijacked planes on the World Trade Center was two occurrences for insurance purposes provides an extra $1.1 billion, ensuring "a timely and complete rebuild" of the destroyed complex, its leaseholder says.

The conclusion by the jury of nine women and two men in U.S. District Court in Manhattan left Larry Silverstein "thrilled with today's victory" as he works to re-create lower Manhattan with buildings including the world's tallest at 1,776 feet.

"This is a win for all New Yorkers," Silverstein said in a statement released shortly after the late afternoon verdict.

The trial boosted Silverstein's potential payout to $4.6 billion, well above the $3.5 billion for which he had actually insured the trade center. It fell short of the $7 billion he had once hoped to collect.

Silverstein might have qualified for more, but he lost a bid earlier this year to convince another jury that some of the 24 insurance companies holding the bulk of the coverage were not bound by an insurance document defining the attack as one event.

The trial, which ended Monday after 11 days of deliberations, was the first in which jurors were asked to decide whether the terrorist attack that killed 2,749 people could be considered two attacks since two planes hit two separate towers.

At stake in the trial was a potential addition of $1.1 billion to the overall trade center policy held by nine insurers.

To collect the extra money and boost the total payout to $4.6 billion, Silverstein still must go to a three-person appraisal panel, and the insurers are also expected to appeal the decision.

In his statement, Silverstein said the extra money will make it easier to meet rebuilding goals, including construction of the Freedom Tower, the world's tallest building, by 2009.

"I strongly felt, and the jury agreed, that the destruction of the twin towers by two separate airplanes at two separate times was two separate occurrences and that these insurers have an obligation to pay their fair share to help make lower Manhattan whole again," he said.

Regardless of the insurance payout, Silverstein and redevelopment officials have promised to rebuild the trade center complex in the next decade, including 10 million square feet of office space, a memorial and cultural buildings.

The insurance companies involved in the case were: Travelers Indemnity Co., Industrial Risk Insurers, Royal Indemnity Co., Allianz Insurance Co., Tokio Marine and Fire Insurance Co., Twin City Fire Insurance Co., Tig Insurance Co., Westfield WTC LLC and Zurich American Insurance Co. Their lawyers declined to comment after the verdict.

In her closing argument, lawyer Carolyn H. Williams argued on behalf of the companies that the hijacked planes were like guided missiles and that the insurance payout should not depend on whether terrorists used "one or two or 10 or 100 weapons."

Williams also declined to comment after the verdict.

On behalf of Silverstein, attorney Bernard Nussbaum said there was precedent in the insurance industry to find the terrorism was two events. A California case concluded that four separate insurance events occurred when an arsonist set four separate fires, including two six minutes apart in courthouses 200 yards apart.

Illustrations/Photos: PHOTO - LARRY SILVERSTEIN
Keywords: NEW YORK CITY, TERRORISM, INSURANCE


Copyright ¿ 2004 Bergen Record Corp. All rights reserved.

Jethro Tull  posted on  2006-09-14   19:22:52 ET  (2 images) Reply   Trace   Private Reply  


#41. To: Peetie Wheatstraw (#35)

http://www.insurancenewsnet.com/article.asp?a=top_pc&id=10828

32;32;NEW YORK, May 08, 2003, (A. M. Best via COMTEX) -- A lawsuit filed by Silverstein Properties Inc. against Industrial Risk Insurers over how much the company owes to rebuild 7 World Trade Center is "premature and unwarranted," the insurer said.

Silverstein Properties bought an actual cash value policy to cover five buildings from IRI, a unit of General Electric Co.'s Employers Reinsurance Corp. Larry Silverstein, president and chief executive officer of Silverstein Properties, assigned a value of $848 million to all five of the properties in May 2001, said ERC spokesman Dean Davison.

That's the cost Silverstein said he'd need to replace all of the facilities, including the rental stream, and "now he's seeking that amount and more for one property," Davison said. The five buildings were 570 Seventh Ave., 529 Fifth Ave., 120 Wall St., a building in Stanford, Conn., and 7 World Trade Center, which caught fire and collapsed in the Sept. 11, 2001, terrorism on the Twin Towers.

So far, IRI has paid $440 million under the terms of the policy and hasn't taken a final position on any aspect of the claim, he said. "We will pay what we owe on this claim," he said, adding that the contract was negotiated in good faith.

Jethro Tull  posted on  2006-09-14   19:24:11 ET  Reply   Trace   Private Reply  



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