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Thread: Why does Bush "really" want an end to lawsuits against asbestos companies ?

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    God/dess Farrah_Holiday's Avatar
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    Default Why does Bush "really" want an end to lawsuits against asbestos companies ?

    Could it be because Vice President Chaney owns a company ( which deals with asbestos) that is currently in legitation ?
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    Jay Zeno
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    Default Re: Why does Bush "really" want an end to lawsuits against asbestos companies ?

    Asbestos litigation is fairly controversial. There's no doubt that it's been a major drain, a financial black hole, for a number of companies who produced asbestos products. Asbestos-related injuries (mesothelioma, lung cancer, fibrotic diseases) can occur years after the exposure to asbestos products, making the future liabilities highly uncertain.

    Asbestos was simply considered good fireproofing until about the 1960s. At that point, corporations, the government, and the unions started to become aware of inherent health risks and tapered off production. In the 1980s, there was a huge effort at asbestos mitigation, stripping out asbestos from all building materials, and that effort continues to today.

    So today, you have potential claims of billions of dollars, people who may still get sick, companies that cannot get financing or who are facing liabilities far in excess of their worth (ie, bankruptcy), all for an unknown amount of liability, and often coming from production of a product that at the time was considered safe.

    Frankly, some practical approach needs to be decided on. The only ones coming out good on this one are lawyers, asbestos mitigation companies, and pulmonologists, with the lawyers particularly highlighted - under the present status, litigation will continue long after the last fibers have been replaced and the last afflicted patient has died.

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    Default Re: Why does Bush "really" want an end to lawsuits against asbestos companies ?

    Quote Originally Posted by Farrah_Holiday
    Could it be because Vice President Chaney owns a company ( which deals with asbestos) that is currently in legitation ?
    In a front-page article from the "Los Angeles Times" a few days ago, a story re: tort reform suggested George W. Bush and the GOP are attempting to keep the Trial Lawyers Association from receiving more money from judgments...which the TLA can then donate to Democratic candidates. Hence, at least according to this article, this is part of a long-term strategy by the GOP to financially weaken the Democratic party in the future. Interesting for me to watch, as I don't belong to any polital party. But I'm just wondering what kind of response the Democrats will prepare in opposition to this GOP stategy, if this analysis, is indeed, correct.


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    God/dess Farrah_Holiday's Avatar
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    Default Re: Why does Bush "really" want an end to lawsuits against asbestos companies ?

    Thanks for the insight guys ; ) I'm going to check the LA Times website for the article you're talking about PhaedrusZ.
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    Default Re: Why does Bush "really" want an end to lawsuits against asbestos companies ?

    Quote Originally Posted by Farrah_Holiday
    Could it be because Vice President Chaney owns a company ( which deals with asbestos) that is currently in legitation ?
    What company are you talking about?
    First DC has ) HAlliburton stock and has had none since the ethics committee let him sell it about 3 weeks after the JAn 2001 unnauguration.

    Second HAlliburton settled the claims against it last July, and the deal closed 12/31/04.
    If you do not believe me you might believe the network that loves the current administration--CBS.
    http://www.cbsnews.com/stories/2005/...in664479.shtml

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    Featured Member GnBeret's Avatar
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    Default Re: Why does Bush "really" want an end to lawsuits against asbestos companies ?

    Quote Originally Posted by Jay Zeno
    Asbestos litigation is fairly controversial. There's no doubt that it's been a major drain, a financial black hole, for a number of companies who produced asbestos products. Asbestos-related injuries (mesothelioma, lung cancer, fibrotic diseases) can occur years after the exposure to asbestos products, making the future liabilities highly uncertain.

    Asbestos was simply considered good fireproofing until about the 1960s. At that point, corporations, the government, and the unions started to become aware of inherent health risks and tapered off production. In the 1980s, there was a huge effort at asbestos mitigation, stripping out asbestos from all building materials, and that effort continues to today.

    So today, you have potential claims of billions of dollars, people who may still get sick, companies that cannot get financing or who are facing liabilities far in excess of their worth (ie, bankruptcy), all for an unknown amount of liability, and often coming from production of a product that at the time was considered safe.

    Frankly, some practical approach needs to be decided on. The only ones coming out good on this one are lawyers, asbestos mitigation companies, and pulmonologists, with the lawyers particularly highlighted - under the present status, litigation will continue long after the last fibers have been replaced and the last afflicted patient has died.
    See attached: some of these bastards NEED to be bankrupted and put in jail.

    http://news.yahoo.com/news?tmpl=stor...ce_indictments
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