Thursday, November 18, 2004

Calculating Loss from 9/11

The man in charge of handing out money to victims and survivors of the 9/11 attacks doesn't like the way it was done. The average award was $2.1 million. But some people were given as little as $250,000, others were given $7.1 million.

The fund used a formula, deducting life insurance and figuring in lost wages over the remaining lifetime of victims. So the family of a stockbroker got more than the family of a firefighter.

Special Master Kenneth Feinberg told Congress that if they ever try to compensate terrorism victims again, they should make all the payments equal. (MSNBC & NPR/Audio)

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