Skip to comments.Banks, companies face $4.2 billion US lawsuit by 9/11 insurers
Posted on 04/16/2017 7:13:13 AM PDT by LSUfan
US insurers are suing two Saudi banks, companies affiliated with Osama bin Laden's family, and several charities for at least $4.2 billion over 9/11 attacks, as compensation for damages.
(Excerpt) Read more at ynetnews.com ...
Insurance companies, eh?
Last I knew insurance companies simply raise rates when they face huge payouts - they never lose out.
So if they score a major payday from the Saudi’s, how much will the policy holders get refunded as a result? Zip - none- nada.
Plus, SA does hold some cards, namely, the massive amounts of Treasuries in inventory that could be dumped on the market to pay for the judgement, and they can decide to accept something other than dollars for their oil, thereby significantly hurting the US dollar.
Sir, with all due respect, I think you completely miss the point, at least in the eyes of those who consider ourselves patriotic Americans. I, for one, will NEVER forget the live video of people jumping from these buildings. Saudia Arabian citizens and government officials are known to have paid for this attack and assist in its implementation.
So, millions of us don’t give a damn what the insurance companies do with any money they receive. They can party eternally with it in Vegas as far as I am concerned and 4 billion is not near enough. A Trillion dollar judgment against the house of Saud would suit me just fine!
Their cards can #### my ####.
I lost 2 close friends an you lost 3000 fellow Americans.
What, we don’t give a #### now because it’s been 15 years.
#### it. You’re right. Let bygones be bygone. ###ING LOUD SARCASM
GOD BLESS YOU!!!!!
They hold $112 billion in Treasuries. Why is dumping them an issue?
9/11 was a plausibly deniable Saudi Government operation.
How is it you know how many they hold? The best we can get is an estimate, as they are the only country that is omitted from the Fed disclosures as to who and how much of our debt each country holds.
Only a select few have the hard numbers for Saudi Arabia. You are one of them?
If they paid out,then the policy holders get nothing. This suit would be to recoup what was paid out and with interest I would assume.
Talk about Billable Hours on this thing.
Surprised no one has said yet..
Aha...so THIS is why the big change to let people sue saudi arabia.
I just got done telling you that is an estimate for Saudi Arabia.
The real number is not made public.
How do you know?
You said it! Happy Easter.
Discovery? Why would they actually keep anything? Why wouldn’t they just pull a clinton and burn any evidence?
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