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Building 7's Insurance Beneficiaries

February 2002: Industrial Risk Insurers (a subsidiary of General Electric) pays $861 million to insurance-holders:
  • Silverstein Properties
  • Building 7's mortgage holders:
    • the Blackstone Group
    • General Motors Acceptance Corporation
    • Banc of America Securities
Insurance-holders investment prior to attack: $386 million.
Net profit: $861 million - $386 million = $475 million.
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