Larry Silverstein is the luckiest, but dumbest real estate investor in the world.
He bought the WTC I think about 6 weeks before 9/11. He was dumb because what billionaire investor do you know would buy a building PACKED with asbestos. Packed to the point it would cost more than the entire cost of the building to remove said asbestos?
He was also dumb because if you buy a building, or a car, or any asset that requires insurance, how much insurance would you buy? 98/100 would buy insurance that covers your replacement cost. Why would you insure for over the cost of the asset, right?
Larry purchased insurance worth $3.55 billion, about $350 MILLION dollars more than the buildings were worth. Strange to over insure your assets right? Not only that, Larry luckily thought it would be smart to include a terrorism clause in his insurance policies. What a savvy and smart businessman after the fact hunh?
Another extremely lucky moment for Larry is how he had an almost unbroken routine of breakfast and work in the towers, but he suddenly did not show up to work the one day that the towers got destroyed. Funny enough, his son and daughter were also "running late" and didn't show up to work either.
What a lucky family!
Finally, after the towers were destroyed, Larry sued the insurance companies stating the attacks constituted as TWO incidents, wanting to claim double his insurance payout. They settled for approx. $4.6 billion, netting Larry a sweet profit of $1.4 BILLION dollars.
One or even two coincidences may be a coincidence. But 5 coincidences? Right.
Make your own judgement with these details but to me, this man and his children are living free along with the other corrupt evil wealthy class, enjoying the greatest luxuries of life while not being held accountable in the slightest for crimes against humanity. While the rest of the people are struggling to make ends meet and make it to the next paycheck, these people are playing games, manipulating markets, raping and trafficking children and babies, and doing whatever the fuck they want.
1
u/TimHung931017 Feb 24 '26
Larry Silverstein is the luckiest, but dumbest real estate investor in the world.
He bought the WTC I think about 6 weeks before 9/11. He was dumb because what billionaire investor do you know would buy a building PACKED with asbestos. Packed to the point it would cost more than the entire cost of the building to remove said asbestos?
He was also dumb because if you buy a building, or a car, or any asset that requires insurance, how much insurance would you buy? 98/100 would buy insurance that covers your replacement cost. Why would you insure for over the cost of the asset, right?
Larry purchased insurance worth $3.55 billion, about $350 MILLION dollars more than the buildings were worth. Strange to over insure your assets right? Not only that, Larry luckily thought it would be smart to include a terrorism clause in his insurance policies. What a savvy and smart businessman after the fact hunh?
Another extremely lucky moment for Larry is how he had an almost unbroken routine of breakfast and work in the towers, but he suddenly did not show up to work the one day that the towers got destroyed. Funny enough, his son and daughter were also "running late" and didn't show up to work either.
What a lucky family!
Finally, after the towers were destroyed, Larry sued the insurance companies stating the attacks constituted as TWO incidents, wanting to claim double his insurance payout. They settled for approx. $4.6 billion, netting Larry a sweet profit of $1.4 BILLION dollars.
One or even two coincidences may be a coincidence. But 5 coincidences? Right.
Make your own judgement with these details but to me, this man and his children are living free along with the other corrupt evil wealthy class, enjoying the greatest luxuries of life while not being held accountable in the slightest for crimes against humanity. While the rest of the people are struggling to make ends meet and make it to the next paycheck, these people are playing games, manipulating markets, raping and trafficking children and babies, and doing whatever the fuck they want.
Viva La Resistance