9/11 Trillions: Follow The Money
by James Corbett
Posted July 2, 2018
Forget for one moment everything you’ve been told about September 11, 2001. 9/11 was a crime. And as with any crime, there is one overriding imperative that detectives must follow to identify the perpetrators: follow the money. This is an investigation of the 9/11 money trail.
In 1998, the Port Authority of New York and New Jersey agreed to privatize the World Trade Center, the complex of office towers in Lower Manhattan that they had owned and operated since their construction in 1973. In April 2001 an agreement was reached with a consortium of investors led by Silverstein Properties and on July 24th, 2001 Larry Silverstein, who already owned World Trade Center Building 7, signed a 99 year lease for the Twin Towers and Buildings 4 and 5.
The lease was for $3.2 billion, and was financed by a bridge loan from GMAC, the commercial mortgage arm of General Motors, as well as $111 million from Lloyd Goldman and Joseph Cayre, individual real estate investors. Silverstein Properties only put down $14 million of its own money. More…