Reader
The REAL Terrorists, not Arabs, profited from 9-11
Thu Dec 8, 2005 00:59
SECRET PROBE OF STOCK DEALINGS BEFORE 9/11
Between August 26 and September 11, 2001, a group of speculators, identified
by the American Securities and Exchange Commission as Israeli citizens, sold
"short" a list of 38 stocks that could reasonably be expected to fall in
value as a result of the pending attacks. These speculators operated out of
the Toronto, Canada and Frankfurt, Germany, stock exchanges and their
profits were specifically stated to be "in the millions of dollars."
Short selling of stocks involves the opportunity to gain large profits by
passing shares to a friendly third party, then buying them back when the
price falls. Historically, if this precedes a traumatic event, it is an
indication of foreknowledge. It is widely known that the CIA uses the Promis
software to routinely monitor stock trades as a possible warning sign of a
terrorist attack or suspicious economic behavior. A week after the Sept.11
attacks, the London Times reported that the CIA had asked regulators for the
Financial Services Authority in London to investigate the suspicious sales
of millions of shares of stock just prior to the terrorist acts. It was
hoped the business paper trail might lead to the terrorists.
Investigators from numerous government agencies are part of a clandestine
but official effort to resolve the market manipulations There has been a
great deal of talk about insider trading of American stocks by certain
Israeli groups both in Canada and Germany between August 26 and the Sept.11
attacks on the World Trade Center and the Pentagon. Lynne Howard, a
spokeswoman for the Chicago Board Options Exchange (CBOE), stated that
information about who made the trades was available immediately. "We would
have been aware of any unusual activity right away. It would have been
triggered by any unusual volume. There is an automated system called 'blue
sheeting,' or the CBOE Market Surveillance System, that everyone in the
business knows about. It provides information on the trades - the name and
even the Social Security number on an account - and these surveillance
systems are set up specifically to look into insider trading. The system
would look at the volume, and then a real person would take over and review
it, going back in time and looking at other unusual activity." Howard
continued, "The system is so smart that even if there is a news event that
triggers a market event it can go back in time, and even the parameters can
be changed depending on what is being looked at. It's a very clever system
and it is instantaneous. Even with the system, though, we have very
experienced and savvy staff in our market-regulations area who are always
looking for things that might be unusual. They're trained to put the pieces
of the puzzle together. Even if it's offshore, it might take a little
longer, but all offshore accounts have to go through U.S. member firms -
members of the CBOE - and it is easily and quickly identifiable who made the
trades. The member firm who made the trades has to have identifiable
information about the client under the 'Know Your Customer' regulations (and
we share all information with the Securities and Exchange Commission.)"
Given all of this, at a minimum the CBOE and government regulators who are
conducting the secret investigations have known for some time who made the
options puts on a total of 38 stocks that might reasonably be anticipated to
have a sharp drop in value because of an attack similar to the 9/11 episode.
The silence from the investigating camps could mean several things: Either
terrorists are responsible for the puts on the listed stocks or others
besides terrorists had foreknowledge of the attack and used this knowledge
to reap a nice financial harvest from the tragedy.
Adam Hamilton of Zeal LLC, a North Dakota-based private consulting company
that publishes research on markets worldwide, stated that "I heard that $22
million in profits was made on these put options..." Federal investigators
are continuing to be so closed-mouthed about these stock trades, and it is
clear that a much wider net has been cast, apparently looking for bigger
international fish involved in dubious financial activity relating to the
9/11 attacks on the world stock markets.
Just a month after the attacks the SEC sent out a list of stocks to various
securities firms around the world looking for information. The list includes
stocks of American, United, Continental, Northwest, Southwest and US Airways
airlines, as well as Martin, Boeing, Lockheed Martin Corp., AIG, American
Express Corp, American International Group, AMR Corporation, Axa SA, Bank of
America Corp, Bank of New York Corp, Bank One Corp, Cigna Group, CNA
Financial, Carnival Corp, Chubb Group, John Hancock Financial Services,
Hercules Inc, L-3 Communications Holdings, Inc., LTV Corporation, Marsh &
McLennan Cos. Inc., MetLife, Progressive Corp., General Motors, Raytheon,
W.R. Grace, Royal Caribbean Cruises, Ltd., Lone Star Technologies, American
Express, the Citigroup Inc. ,Royal & Sun Alliance, Lehman Brothers Holdings,
Inc., Vornado Reality Trust, Morgan Stanley, Dean Witter & Co., XL Capital
Ltd., and Bear Stearns.
The Times said market regulators in Germany, Japan and the US all had
received information concerning the short selling of insurance, airlines and
arms companies stock, all of which fell sharply in the wake of the attacks.
City of London broker and analyst Richard Crossley noted that someone sold
shares in unusually large quantities beginning three weeks before the
assault on the WTC and Pentagon. He said he took this as evidence that
someone had insider foreknowledge of the attacks. "What is more awful than
he should aim a stiletto blow at the heart of Western financial markets?" he
added. "But to profit from it? Words fail me."
Most of these transactions were handled primarily by Deutsche
Bank-A.B.Brown, a firm which until 1998 was chaired by A. B."Buzzy"
Krongard, who later became executive director of the CIA.
Between August 26 and September 11, 2001, a group of speculators, identified
by the American Securities and Exchange Commission as Israeli citizens, sold
"short" a list of 38 stocks that could reasonably be expected to fall in
value as a result of the pending attacks. These speculators operated out of
the Toronto, Canada and Frankfurt, Germany, stock exchanges and their
profits were specifically stated to be "in the millions of dollars."
Short selling of stocks involves the opportunity to gain large profits by
passing shares to a friendly third party, then buying them back when the
price falls. Historically, if this precedes a traumatic event, it is an
indication of foreknowledge. It is widely known that the CIA uses the Promis
software to routinely monitor stock trades as a possible warning sign of a
terrorist attack or suspicious economic behavior. A week after the Sept.11
attacks, the London Times reported that the CIA had asked regulators for the
Financial Services Authority in London to investigate the suspicious sales
of millions of shares of stock just prior to the terrorist acts. It was
hoped the business paper trail might lead to the terrorists.
Investigators from numerous government agencies are part of a clandestine
but official effort to resolve the market manipulations There has been a
great deal of talk about insider trading of American stocks by certain
Israeli groups both in Canada and Germany between August 26 and the Sept.11
attacks on the World Trade Center and the Pentagon. Lynne Howard, a
spokeswoman for the Chicago Board Options Exchange (CBOE), stated that
information about who made the trades was available immediately. "We would
have been aware of any unusual activity right away. It would have been
triggered by any unusual volume. There is an automated system called 'blue
sheeting,' or the CBOE Market Surveillance System, that everyone in the
business knows about. It provides information on the trades - the name and
even the Social Security number on an account - and these surveillance
systems are set up specifically to look into insider trading. The system
would look at the volume, and then a real person would take over and review
it, going back in time and looking at other unusual activity." Howard
continued, "The system is so smart that even if there is a news event that
triggers a market event it can go back in time, and even the parameters can
be changed depending on what is being looked at. It's a very clever system
and it is instantaneous. Even with the system, though, we have very
experienced and savvy staff in our market-regulations area who are always
looking for things that might be unusual. They're trained to put the pieces
of the puzzle together. Even if it's offshore, it might take a little
longer, but all offshore accounts have to go through U.S. member firms -
members of the CBOE - and it is easily and quickly identifiable who made the
trades. The member firm who made the trades has to have identifiable
information about the client under the 'Know Your Customer' regulations (and
we share all information with the Securities and Exchange Commission.)"
Given all of this, at a minimum the CBOE and government regulators who are
conducting the secret investigations have known for some time who made the
options puts on a total of 38 stocks that might reasonably be anticipated to
have a sharp drop in value because of an attack similar to the 9/11 episode.
The silence from the investigating camps could mean several things: Either
terrorists are responsible for the puts on the listed stocks or others
besides terrorists had foreknowledge of the attack and used this knowledge
to reap a nice financial harvest from the tragedy.
Adam Hamilton of Zeal LLC, a North Dakota-based private consulting company
that publishes research on markets worldwide, stated that "I heard that $22
million in profits was made on these put options..." Federal investigators
are continuing to be so closed-mouthed about these stock trades, and it is
clear that a much wider net has been cast, apparently looking for bigger
international fish involved in dubious financial activity relating to the
9/11 attacks on the world stock markets.
Just a month after the attacks the SEC sent out a list of stocks to various
securities firms around the world looking for information. The list includes
stocks of American, United, Continental, Northwest, Southwest and US Airways
airlines, as well as Martin, Boeing, Lockheed Martin Corp., AIG, American
Express Corp, American International Group, AMR Corporation, Axa SA, Bank of
America Corp, Bank of New York Corp, Bank One Corp, Cigna Group, CNA
Financial, Carnival Corp, Chubb Group, John Hancock Financial Services,
Hercules Inc, L-3 Communications Holdings, Inc., LTV Corporation, Marsh &
McLennan Cos. Inc., MetLife, Progressive Corp., General Motors, Raytheon,
W.R. Grace, Royal Caribbean Cruises, Ltd., Lone Star Technologies, American
Express, the Citigroup Inc. ,Royal & Sun Alliance, Lehman Brothers Holdings,
Inc., Vornado Reality Trust, Morgan Stanley, Dean Witter & Co., XL Capital
Ltd., and Bear Stearns.
The Times said market regulators in Germany, Japan and the US all had
received information concerning the short selling of insurance, airlines and
arms companies stock, all of which fell sharply in the wake of the attacks.
City of London broker and analyst Richard Crossley noted that someone sold
shares in unusually large quantities beginning three weeks before the
assault on the WTC and Pentagon. He said he took this as evidence that
someone had insider foreknowledge of the attacks. "What is more awful than
he should aim a stiletto blow at the heart of Western financial markets?" he
added. "But to profit from it? Words fail me."
Most of these transactions were handled primarily by Deutsche
Bank-A.B.Brown, a firm which until 1998 was chaired by A. B."Buzzy"
Krongard, who later became executive director of the CIA.
Main Page -
Thursday, 12/08/05
Message Board by American Patriot Friends Network [APFN]
