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631-724-3320 feal13@aol.com
Posted on August 12, 2015

Ground Zero funds dwindle as Buffet takeover plan stalls

Mayor de Blasio is sitting on a controversial proposal to let billionaire Warren Buffett take over a $300 million taxpayer fund expected to pay future claims by Ground Zero workers stricken with cancer.

Under a plan hatched by the outgoing Bloomberg administration, Buffett’s company, Berkshire Hathaway, would get $270 million from the WTC Captive Insurance Co., a city-governed entity. In return, it would convert the funds into a $600 million private insurance policy and handle any claims.

Read More : http://nypost.com/2014/05/25/ground-zero-funds-dwindle-as-buffet-takeover-plan-stalls/