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THE PROBLEM WITH THE SYSTEM

 
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DMCKEON
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Joined: Mar 17, 2005
Posts: 22572
Location: Staten Island

PostPosted: Wed Jan 09, 2008 10:46 am    Post subject: THE PROBLEM WITH THE SYSTEM
From Wed Jan 09, 2008 3:00 am to Sun Jan 13, 2008 2:59 am (included)
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As you may have seen in today's NY Post Christine LaSala, the president and CEO of the World Trade Center Captive insurance company has resigned (see link below).

This is actually good news as this company has been a symbol of what has been wrong with the system set up after 9/11. This has been to 9/11 Health Claims what the Deutsche Bank Building has been to the Recovery effort.

A glaring example of how things have and continue to be mismanaged.

Over $100 Million spent on lawyers and only $320,000 paid out in claims. Ms. LaSala was paid more in one year ($350,000) then was paid out in total claims.

Over $1.4 Million is salary for one person over four years and only $320,000 distributed to people in need.

This is just the tip of the ice berg.

If there was ever an audit done on the other entities created after 9/11 you would probably find the same inequities.

They should start with the LMDC and work their way down..

We have been calling for such audits but nothing is done.

Salaries are paid and contracts are awarded and very little gets done.

It appears that there is only a cash flow problem when victims need help.

Unfortunately it appears the only things that change are the names on the checks being cashed.

Unfortunately those names never seem to be the names of the victims.

It's just not right.

Dennis

9/11 INJURY-FUND OVERSEER QUITS

http://www.nypost.com/seven/01092008/news/regionalnews/9_11_injury_fund_overseer_quits_922138.htm
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