To see a video narrated by architect David Gage showing the collapse of WTC 7 CLICK HERE.
World Trade Center building 7, where SEC files were kept, is the only steel skyscraper has ever collapsed due primarily to fire. In all other skyscraper fires, the steel frame has been left intact even after fires burned uncontrolled and destroyed everything else.
SEC & EEOC: Attack Delays Investigations
New York Lawyer
By Margaret Cronin Fisk
National Law Journal
September 17, 2001
Additional details emerged Friday about the effect of the collapse of 7 World Trade Center on investigations being conducted by the New York offices of the Securities and Exchange Commission...
Reuters news service and the Los Angeles Times published reports estimating them at 3,000 to 4,000. They include the agency's major inquiry into the manner in which investment banks divvied up hot shares of initial public offerings during the high-tech boom.
The EEOC said documents from about 45 active cases were missing and could not be easily retrieved from any backup system. One of these cases was a sexual harassment charge filed on Sept. 10 against Morgan Stanley, one of the prime corporate victims of the World Trade Center disaster...
Files relating Citigroup to the WorldCom scandal were lost:
Citigroup Facing Subpoena in IPO Probe
The chairman of the House Financial Services Committee, frustrated by Citigroup's (C Quote) unwillingness to turn over information about any WorldCom executives who may have gotten shares in initial public offerings, will try to pry the information out with a subpoena.
Rep. Michael Oxley (R., Ohio) said Friday that a subpoena is necessary because Citigroup provided insufficient information about what, if any, special treatment its Salmon Smith Barney investing banking division may have given WorldCom executives. Salomon had been one of the now-bankrupt telecom's principal investment bankers.
The issue of whether Salomon may have doled out shares in some bull-market IPOs to WorldCom executives came up during a committee hearing last month into the accounting fraud at the big long-distance carrier. Citigroup maintains it would be an invasion of federal privacy law for it to provide that information without a subpoena.
The collapse of 7 World Trade Center is remarkable because it was the first known instance of a tall building collapsing primarily as a result of uncontrolled fires:
NIST (NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY
Questions and Answers about the NIST WTC 7 Investigation
Silverstein is Clearly Talking about the Demolition of WTC7 on Sept. 11th
PBS Documentary: Silverstein, FDNY Razed WTC 7
In a stunning and belated development concerning the attacks of 9/11 Larry Silverstein, the controller of the destroyed WTC complex, stated plainly in a PBS documentary that he and the FDNY decided jointly to demolish the Solomon Bros. building, or WTC 7, late in the afternoon of Tuesday, Sept. 11, 2001.
This admission appeared in a PBS documentary originally aired in Sept. of 2002 entitled "America Rebuilds". Mr Silverstein's comments came after FEMA and the Society of Civil Engineers conducted an extensive and costly investigation into the curious collapse of WTC 7. The study specifically concluded that the building had collapsed as a result of the inferno within, sparked, apparently, by debris falling from the crumbling North Tower.
In the documentary Silverstein makes the following statement;
I remember getting a call from the, er, fire department commander, telling me that they were not sure they were gonna be able to contain the fire, and I said, "We've had such terrible loss of life, maybe the smartest thing to do is pull it." And they made that decision to pull and we watched the building collapse.
[This can be heard in the audio file. Thanks to Sir Dave 'tmo' Soule for transfering this from the video to an MP3 file. "America Rebuilds", PBS Home Video, ISBN 0-7806-4006-3, is available from http://shop.pbs.org/products/AREB901/.]
Mr. Silverstein's comments stand in direct contradiction to the findings of the extensive FEMA report. They even negate Kevin Spacey's narrative in the very documentary in which they appear; "WTC 7 fell after burning for 7 hours." If it had been generally known that the building was "pulled" wouldn't Mr. Spacey have phrased it that way?...
In the same program a cleanup worker referred to the demolition of WTC 6: "... we're getting ready to pull the building six." There can be little doubt as to how the word "pull" is being used in this context.
[This can be heard in the audio file taken from the video.]
This shocking contradiction is yet another curious twist in a disturbing series of events surrounding the "collapse" of WTC 7, and the WTC complex in general.
Among these is the fact that, in all the history of high-rise fires, not one has ever resulted in a collapse.
Ownership, Control, and Insurance of The World Trade Center
The World Trade Center complex came under the control of a private owner for the first time only in mid-2001, having been built and managed by the Port Authority as a public resource...
The new controllers acquired a handsome insurance policy for the complex including a clause that would prove extremely valuable: in the event of a terrorist attack, the partnership could collect the insured value of the property, and be released from their obligations under the 99-year lease...
On April 26 of 2001 the Board of Commissioners for the Port Authority of New York and New Jersey awarded Silverstein Properties and mall-owner Westfield America a 99-year-lease on the following assets: The Twin Towers, World Trade Center Buildings 4 and 5, two 9-story office buildings, and 400,000 square feet of retail space.
The partners' winning bid was $3.2 billion for holdings estimated to be worth more than $8 billion. JP Morgan Chase, a prestigious investment-bank that's the flagship firm of its kind for Rockefeller family interests, advised the Port Authority...
The lead partner and spokesperson for the winning bidders, Larry Silverstein, age 70... Larry Silverstein also owned Runway 69, a nightclub in Queens that was alleged 9 years ago to be laundering money made through sales of Laotian heroin...
The lease deal didn't close until July 24th, just 6 weeks before the attack.
Don Paul also documented the money flows surrounding the loss of Building 7.
In February of 2002 Silverstein Properties won $861 million from Industrial Risk Insurers to rebuild on the site of WTC 7. Silverstein Properties' estimated investment in WTC 7 was $386 million. So: This building's collapse resulted in a profit of about $500 million...
1. Westfield Nabs Trade Center mall, ICSC.org, 6/2/2001 [cached]
2. Governor Pataki, Acting Governor DiFrancesco Laud Historic Port Authority Agreement to Privatize World Trade Center, Port Authority on NY & NJ, 7/24/01 [cached]
3. Reinsurance Companies Wait to Sort Out Cost of Damage, New York Times, 9/12/01, page C6
4. Facing Our Fascist State, I/R Press, 2002, page 38
5. MetLife Will Sell Sears Tower, Wall Street Journal Online, 3/12/04 [cached]
6. Most of WTC Down Payment to Be Returned, 11/22/03 [cached]
7. Insurers Debate: One Accident or Two?, Bloomberg News, 10/10/01
8. Facing Our Fascist State, , page 47
9. Double Indemnity, law.com, 9/3/02 [cached]
10. Judge John S. Martin Jr.'s Latest Opinion in Swiss Re v. WTC., Newsday, 09/25/02 [cached]
11. Twin Tower Insurers Win Discovery Fight, 6/20/02 [cached]
12. World Trade Center's Mortgage Holder Loses Discovery Fight, 7/8/02 [cached]
13. Jury Awards $2.2 Billion in 9/11 Insurance, United Press International, 12/6/04 [cached]