WTC INSURE ‘WA$TE’ — $1B FUND SQUANDERS CASH SUIT

While tens of thousands suffer from the toxic fallout at Ground Zero, the WTC Captive Insurance Co., controlled by Mayor Bloomberg, drains the fund intended to be used for ill workers. For your convenience in reviewing the historical record stating the original mandate for this allocation, we have appended the press release from Governor Pataki and Mayor Bloomberg, issued March 21, 2003. In an amazing twist of irony, the Bloomberg appointed CEO and President of the WTC Captive Insurance Co. draws a salary of $350,000 and receives $20,000 annually in health benefits.

In another ironic twist of timing, this weekend the FealGood Foundation–which provides direct help to responders–is holding a doo-wop benefit concert to raise the desperately needed funds they can’t get from the Bloomberg fund.