Now I Know Why Jim Fetzer Is Not a Business Professor
This is rather boring by Uncle Fetzer standards, but I was still struck by the stupidity of it. This is from a radio interview of Steven Jones by Fetzer, although in this case he is answering a question from a caller.
Fetzer: This is wonderful Tom, I am very glad you called. Let me ask you a question or two.OK, let’s not forget that Silverstein only started leasing the towers a mere 6 weeks before 9/11. Given the tremendous amount of work it would have required to prepare this plot and wire the buildings for explosives, that would mean that he would have had to decide that his investment was unprofitable, and that a better solution would be to blow up the buildings and kill thousands of people, oh, about 15 minutes after he signed the contract!
Tom: OK.
Fetzer: My impression has been that there were a couple of problems with the towers and it may have been that they were chronic problems. One of course was that it was laden with asbestos and that any proposal to remove that asbestos which was used as a coating on the steel as I understand it would have been a gargantuan task at incredible expense. Can anyone imagine for example of constructing scaffolding around a 110 story building? And second of all that there were difficulties with occupancy that Larry Silverstein wasn’t getting a full return on his investment from the ordinary use of the buildings, because a tremendous large numbers of offices were unoccupied. Whole floors and sections of the buildings.
Unbelievable.
posted by James B. @ 9:39 PM
39 comments
links to this post
39 Comments:
And if we wanna be totally realistic about it, he'd have to rig the buildings several years before he started leasing them - somehow having psychic abilities well beyond any we mere mortals know of.
Simple question;
WTF would you do any thing to the exterior of the building , for asbestoe..sssss? Makes no sense( it is Uncle F)what sooo ever.
Next up ;
Right arond the time they were doin the inner of the towers. Asss...bestoe......sssss, was becoming a known issue. The bottom eight floors had some 2 inch assboard ( so i've heard,could be wrong, dare ya! The rest was a spay on NON- ASS..Bestoe..sss.
**Back To Your Regular Scheduled Program!!!!
maybe im the slow one but i still dont see why blowing up 2 8 billion dollar buildings is a viable solution to removing asbestos
Ya' in a hurry saw the (SP)!
CTer
INSURANCE!!!!
LOL!!!
Ok just a darn minute! Whats go'en on here? Is this a revival, or lyrics to rapppp(for which I shun)
I hear some Jesse, and some Al Shar-Pac!
Explination!
Refutation!
Exultation!
Revelation!
False-ahh--fiable
Not Verryy-fii-able
Exist--stential?
Not False-if-fiable!!
Space Time?
Lost me there...Does go on to explain the CT experience. " The White Rabbit, the real one not that Matrix crap! LSD!!!
HE'S an old hippie! Draft dodger perhaps? Just asking questions!
Silverstein didn't have to do anything M. Bush didn't already take care of when he was in charge of Securacom. Simple. Silverstein being a Zionist big wig knew the deal going in. He is/was the owner of building 7 and probably helped M. Bush and his associates in the preparation of the twins.
Silverstein being the snake that he is knew his position was best so he made the deal with the help of other Zionist big wigs whom are connected to the Bush/Neocon cabal.
In Charge??/\
Do you know WTF ,"On the Board" means?
Doesn't sound like it Nessie, have another drink of the Kool-Aide!
WoW this Jones thing gets better!
HE Debunks,or Busts, the mini nuke myth!
Closer to his expertise, I'll give him that!
Nes, Marvin Bush was not in charge of security at the WTC, period.
My first thought exactly Dog. Scaffolding on the outside????
Actually the asbestos in this type of a property is not a big deal, and is quite common. The only concern would be if the asbestos became friable (crumbling), in which case it would most likely be encapsulated. I have seen many large ($100 million and more) loans where the property had asbestos-containing materials, and the only requirement lenders made was that the borrower agree to an Operations and Maintenance Agreement basically stating that they won'd disturb the asbestos.
Fetzer has a layman's understanding of commercial real estate transactions. The notion that a sophisticated real estate investor like Silverstein would close on a property, underinsure it, and then destroy it is moronic.
The buildings were essentially fully leased when Silverstein Properties and its partners net-leased them. Indeed, if tenants wanted to get out of their leases (as some did -- I won't say exactly who, but some tenants wanted to consolidate space) it would have been a good thing for Silverstein because he would have been able to re-let the space at higher prices. Indeed, unexpected occupancies would have been one of the upsides of the deal, not one of its downsides. If real estate conditions were bad (as they had been years earlier and of course became after, well, 9-11) then Silverstein and any competitors simply would have priced the alleged occupancies into their price when they bid. So Fetzer was just making that up from whole cloth.
Any asbestos problems (and there was asbestos on the lower levels of each tower -- that part which was constructed before New York banned the stuff) would also have been priced into the bid. It's not like Silverstein and his consortium net-leased the placed and discovered, "ohmygosh, there's asbestos here!" At any rate, here in the city asbestos removal is pretty much down to a science. There are several firms which can do it quick and cheap-like.
Their are a few problems with this. One is Larry Silverstein never recouped the 9 billion the WTC was worth. They gave him about 3.5 billion. So he's already 5.5 billion in the hole. (Literally) Even if they judged the attacks as two separate attacks as his law suite asked he would have only received 6 or 7 billion. That still no less than 2 billion in the hole. So the idea that he made money off this is absurd whether he had something to do with it or not.
MOST IMPORTANTLY is the fact that the only places with asbestos was about up to the 38th floor of the WTC 1 and that was encapsulated...
"Several materials were considered for the sprayed thermal insulation. The exterior columns required insulation not only for fire protection but also to control column temperatures under service conditions. Alcoa recommended for the exterior columns the use of a sprayed material produced by U.S. Mineral Products, Co. known as BLAZE-SHIELD Type D. The same material was eventually selected for the floor trusses and core beams and columns. This product, however, contained asbestos fibers. On April 13, 1970, New York City issued restrictions on the application of sprayed thermal insulation containing asbestos. The use of BLAZE-SHIELD Type D was discontinued in 1970 at the 38th floor of WTC 1. The asbestos-containing material was subsequently encapsulated with a sprayed material that provided a hard coating. A green dye was added to the encapsulating material so that the asbestos containing SFRM could be identified. Thermal protection of the remaining floors of WTC 1 and all of WTC 2 was carried out using BLAZE-SHIELD Type DC/F, a product that contained mineral wool (glassy fibers) in place of the crystalline asbestos fibers. On the basis of tests, it was reported that the thermal properties of BLAZE-SHIELD Type DC/F were equal to or "slightly better" than those of BLAZE-SHIELD Type D"
NIST NCSTAR 1-6A
So much for Asbestos, now what about the occupancy...
May 31, 1998
As the market for office space in midtown has tightened and rental rates increased, tenants have been looking to downtown as a cheaper alternative. Over the last year, those seeking large blocks of space have been finding them at the trade center, which had many vacancies as a result of the 1993 terrorist bombing and the shrinkage of the financial industry in the early part of the decade.
''In January 1997 we had about an 80 percent occupancy rate,'' said Cherrie Nanninga, director of real estate for the Port Authority of New York and New Jersey, which owns the complex. Twenty percent of 10.5 million square feet of space is 2.1 million, which would be a substantial building by itself.
But as a result of the last year's work, Ms. Nanninga, said the complex is over 90 percent occupied and expects to it reach the 95 percent mark by the end of the year. That, she said, would be about as full as the center is likely to get, since there is almost always someone moving in or out. ''Ninety-seven percent occupancy would be full,'' said Ms. Nanninga, whose name is pronounced NAN-in-gay.
Downtown; At the World Trade Center, Things Are Looking Up
February 12, 2001
As Real Estate Director, a position Mrs. Nanninga has held since 1996, the occupancy rate at the trade center has risen from 78 percent to a healthy 98 percent, retail soared in the trade center's mall, and available office space in the Newark Legal Center has nearly been filled.
Today, only about 250,000 of the 10.4 million square feet of office space in the trade center remains vacant. And the legal center has an occupancy rate of over 99 percent.
http://www.panynj.gov/AboutthePortAuthority/PressCenter/PressReleases/
PressRelease/index.php?id=61
So much for the "difficulties with occupancy".
This is yet another example of what the scholars want to spend millions investigating. I don't want my child paying one cent just because these "scholars" do sloppy research or have hidden political agendas. Because with the 8.4 trillion national debt, the millions they want spent will be paid by our children. It's cheaper to just send me a thank you at debunk911@hotmail.com. :)
Like hey, man I mean, Silverstein took the money from the insurance and like built another building, so like, shouldn't we check to see if he rigged the new # 7 to blow up?
I bet he took all the let over money and spent it.
Ha - like I mean he missed out on all that gold in the basement of 1 & 2 - I mean, like finders keepers right?
Once apon a time, in the land of CTerville, there was an evil race known as Da Joos. Now Da Joos did nothing wrong, more than anyone else persay, but they wanted a land to call there own. Now this angered alot people from all over the world, but none more so than those who lived in CTerville. You see, they felt that Da Joos were responsible for all the evils of the world, and therefore didn't deserve a place to call home...
I would go on, but I wanna read other threads...
Nes, Marvin Bush was not in charge of security at the WTC, period.
Um.. If you've ever worked in a corporation, you know the guy at the top calls the shots, hires or fires people he wants to effect his "strategy." That wasn't too hard now was it?
Like hey, man I mean, Silverstein took the money from the insurance and like built another building, so like, shouldn't we check to see if he rigged the new # 7 to blow up?
Like man, Silverstein is going to make out like an ever fatter rat when the "Freedom" tower gets built cause the rent is will probably go triple what was being paid in the original WTC.
What freedom tower?
*looks at Ground Zero*
Nope, nothing there.
Like man, Silverstein is going to make out like an ever fatter rat when the "Freedom" tower gets built cause the rent is will probably go triple what was being paid in the original WTC.
Financially, it would've made more sense to just rebuild the towers. He'd have more offices.
Nessie Said
"Um.. If you've ever worked in a corporation, you know the guy at the top calls the shots, hires or fires people he wants to effect his "strategy." That wasn't too hard now was it?"
And if you worked in the corp world you would know. Being "On the Board" Is not running the company.Even the director is not the end all. He was never head of security. Not to mention he left the board in 2000! Ness, get it togeather!!!!
What freedom tower?
*looks at Ground Zero*
Nope, nothing there.
Moreover, Silverstein and his consortium gave up control of the Freedom tower as part of his settlement with the city.
Moreover moreover, it turns out that the appetite among the city's businesses to put themselves on top of the biggest, newest, shiniest terrorism target ever is looking pretty low. It's most likely that the Port Authority will lease the upper floors to itself and to other government agencies. The Freedom Tower, I'm afraid, is destined to become the tallest precinct house in history.
None of that will prevent nessie from continuing to make up facts to serve his terrorist compadres.
Like man, Silverstein is going to make out like an ever fatter rat when the "Freedom" tower gets built cause the rent is will probably go triple what was being paid in the original WTC.
Like man, did you just pull that out of your butt? Like, how do you know what the rent will be? Like, why would people want to rent in another bullseye? AND PAY MORE? Like, do you work for Silverstein?
Are you the author of Debunking911? If so, who are you? Are you an aetheist? Further questions will follow.
Are you an aetheist?
The word is "atheist".
"atheist". Aethetic, Atheist, tomato, tomahto. But thanks again for the spell check. i wonder if that if the Debunking dude will answer. He like "V" for Vendetta or "The Shadow."
The Shadow knows.
Oh and I am not an Atheist Tempestuous. I am born Christian, but think of myself as "unsure" about any of the traditional religions. If I had to chose what best fit my way of life It would be between Christian and Judaism.
And, no, I am not Debunking911, just thought I would reply to your earlier name calling here in this thread.
Jesus Temp, why are the religious beliefs of the people here such an important issue for you?
Again, for the billionth time, who is the the guy that runs Debunking911. The damned coward...Is he/it an atheist?
Is he/it an atheist?
You still haven't explained how this matters.
So who is this coward who you all refer to as some sort of Biblical anonymous demi-god. he is a class A coward---Butt Munch. ST911 at least lists the founders, members, credentials, contact information, etc., so they can actually be sited and spoken to. this depunking clown's credibility is dog manure as he/it runs a site, yet hides under a rock.
Who is the clown you all guard?
Rank on Uncle Fetzer (Adams Family reference) all you want, but his name is out there and his home number is on the site. this depunking clown can not be named, referenced, appropriately sited. Who the fuck is he?
No one is guarding anyone. Though, after reading your rants, maybe we should. You are a psycho!!!
this depunking clown can not be named, referenced, appropriately sited. Who the fuck is he?
This comment has been removed by a blog administrator.
this depunking clown can not be named, referenced, appropriately sited. Who the fuck is he?
Why does he have to name himself? Killtown has never named himself.
wow gold
buy wow gold
cheap wow gold
world of warcraft gold
runescape
runescape money
buy runescape money
wow gold
cheap wow gold
buy wow gold
world of warcraft gold
guild wars
guild wars gold
buy guild wars gold
maple story
maple story mesos
maplestory mesos
age of conan
age of conan gold
buy age of conan gold
aoc gold
buy aoc gold
age of conan
age of conan gold
buy age of conan gold
aoc gold
buy aoc gold
age of conan
age of conan gold
buy age of conan gold
aoc gold
buy aoc gold
Post a Comment
Links to this post:
Create a Link
<< Home