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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Ilaine who wrote (9036)9/14/2001 9:48:40 AM
From: carranza2  Read Replies (1) of 74559
 
Whatever it costs to clean up the World Trade Center, it appears very possible that the EPA will pay it due to the asbestosis.

First, asbestosis is a disease. EPA doesn't cleanup diseases.

Second, asbestos has been removed from most major buildings in the 80s and 90s. I did a brief, non-exhaustive internet search for the WTC but did not find anything. I've seen statements that the WTC did in fact undergo asbestos removal, so perhaps asbestos is not a problem. There was litigation involving the WTC resulting in a $60 million verdict. Track the litigation and you might find out more.

Third, EPA designates PRPs ("potentially responsible parties"), then tries to make them or their insurers pay.

Often wrong, never in doubt.
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