| Search by tag or site | Login to my blog ? Start my own blog |
![]() |
Poor and StupidHow big government, big business, big media and big academia block your road to financial freedom- and tell you it's for your own good. |
What Is John Galt?
The John Galt Corporation of the Bronx, hired last year for the dangerous and complex job of demolishing the former Deutsche Bank building at 130 Liberty Street, where two firefighters died last Saturday, has apparently never done any work like it. Indeed, Galt does not seem to have done much of anything since it was incorporated in 1983...And of course... in parentheses and "by the way"...John Galt, it appears, is not much more than a corporate entity meant to accommodate the people and companies actually doing the demolition job at the emotionally charged and environmentally hazardous site at the edge of ground zero.
The companies and project managers who have been providing the expertise, the workers and the financing for the job are Regional Scaffolding and Hoisting Company, which is not in business to demolish skyscrapers, and former executives from Safeway Environmental Corporation, a company that was already removed from one contract at 130 Liberty because of concerns about its integrity.
Safeway, its former owners, Harold Greenberg, 61, and Stephen Chasin, 56, and another company they long operated, Big Apple Wrecking and Construction Corporation, had a troubled history.
Mr. Greenberg, of Staten Island, has gone to federal prison twice for crimes related to the industry.
Identified by federal investigators as a Gambino crime family associate, he was convicted in 1988 of bribing a federal inspector to overlook asbestos-removal violations while Big Apple was demolishing Gimbels department store on East 86th Street in Manhattan.
(John Galt, by the way, is a central character, an engineer, in Ayn Rand?s novel ?Atlas Shrugged.? The book begins with this line: ?Who is John Galt??)Thanks to Jameson Campaigne for the link.
- Recession? Hell No, We're In A Depression
- Accountability? Not For The Inheritor
- Those Hard-working Ceo's
- Cracked!
- It's My Day To Get Quoted!
- Nov 2007
- Oct 2007
- Sep 2007
- Aug 2007
- Jul 2007
- Jun 2007
- May 2007
- Apr 2007
- Mar 2007
- Feb 2007
- Jan 2007
- Dec 2006
- Nov 2006
- Oct 2006
- Sep 2006
- Aug 2006
- Jul 2006
- Jun 2006
![]()
Made several great trades today. Traded the QID, QQ [read more]
Today we have the Fed speaking and release of Fed mi [read more]
NOTE: Please click on the charts below to enlarge them [read more]












<< My Home | TheMoneyBlogs Home