CIA foreknowledge of 9-11 -- the shorted stocks evidence

[mainer]

Earlier on DU, someone posted the Snopes.com entry on the shorting of the United Airlines and American stocks as evidence that SOMEONE had foreknowledge of 9-11 and attempted to profit from it. That got me to wondering what, exactly, has happened with that investigation. My conclusion: NOTHING. Why has this issue been dropped, except by the 9-11 families?

Because the CIA had something to do with it?

Interesting stuff on the website below. Why don't we know who shorted the stocks? Where are the names?
Why wasn't 2.5 million dollars of profits ever claimed?

I'm not usually a conspiracy theorist, but this stuff really scares me.

http://www.globalresearch.ca/articles/RUP110A.html

[Joanne98]

1. Ruppert's good

He writes about "peak oil"

[arcane1]

2. I don't quite get how hard it would be to find out

but remember, it was good ol' Iran/Contra thug Poindexter who had the idea of the terrorism futures market. These shorted stocks are basically the precursor.

so MY investigation would start with anyone who taled about the bullshit Poindexter scheme, and work my way up from there

I guess it's officially un-American to wonder who did this... :evilfrown:

[whistle]

3. How about the stock market now....

day's close 3/11/2004 of the Dow was 10,128 and just one month ago 2/11/2004 it peaked at 10,737. That's a drop of 609 points in 28 days or -5.7%. One poll of stock watchers has 31% saying the market will be 5% or more lower in another month than it is today, while 27% think it will be unchanged and 30% think it will bounce back by 5% or more. The rest of those polled just have no idea which way it will go. Is there an index or a method of tracking what happened to stocks on 9/11 that is in place today that will signal any illegal activity? Probably not, until after the fact. I personally think stocks are over priced now and are headed down for a significant adjustment. Terrorist activities like what happened in Spain this morning will just make the situation riskier.Let's see what BushCo says to wiggle their way through this situation.:puffpiece:

[SoCalDem]

4. We talked about this on 10-04-01

and of course there was a "promise" by news people to "look into it", but it was not a "sexy story", so little came of it..

http://www.democraticunderground.com/cgi-bin/duforum/duboard.cgi?az=list_threads&om=210&forum=DCForumID27


SoCalDem (20220 posts)
Oct-04-01, 06:38 AM (ET)
SEC Investigating 38 companies suspicious trading...just before 9/11/01
http://wire.ap.org/APpackages/photoweek/index.html
latest news left side of page...

OCTOBER 02, 19:59 EDT SEC Probes Suspicious Trading
By MARCY GORDON
AP Business Writer
Traders work floor of NYSE


WASHINGTON (AP) —

The government is investigating trading in shares of 38 companies, including major airlines, cruise lines, General Motors and Raytheon, to determine if people used advance knowledge of the terror attacks to profit.

The Securities and Exchange Commission asked brokerage and investment firms in the United States and Canada to review their records for trading in the stocks to find any unusual patterns from Aug. 27 through Sept. 11, the day hijackers slammed planes into the World Trade Center's towers and the Pentagon.

There was unusually heavy trading in airline and related stocks several days before the attacks, using a market tactic that essentially bets that a stock will decline in value.
The SEC list also includes several big companies that were tenants in the collapsed Twin Towers in the heart of New York's financial district: investment firms Morgan Stanley Dean Witter & Co., the complex's biggest occupant, and Lehman Brothers; Bank of America; and the financial firm Marsh & McLennan.

The SEC has not disclosed details of its investigation, part of a worldwide inquiry into possible advance trading by individuals linked to the terrorists. But the agency's list of 38 companies was posted Monday on the Web site of the Investment Dealers Association of Canada, which represents that country's securities firms.
The association sent a notice of the list to its approximately 190 member firms.

``These are the ... securities the United States Securities and Exchange Commission is investigating in the United States. We ask that you review same with a view of determining any unusual trading patterns,'' the Web site posting said.

....snip.....

``One shouldn't be wearing blinders when looking at that sort of thing,'' he said by telephone from Toronto.

SEC spokesman Michael Robinson would not comment Tuesday.
SEC Chairman Harvey Pitt told Congress last week that the agency's top priority is to pursue its investigation of possible trading by people associated with the terrorists.
If such trading is found to have occurred, ``We will do everything within our power to track those people down and bring them to justice,'' Pitt said in testimony to the House Financial Services Committee.

The 38 companies also include the parents of major airlines American, Continental, Delta, Northwest, Southwest, United and USAirways as well as cruise lines Carnival and Royal Caribbean, aircraft maker Boeing and defense contractor Lockheed Martin. In the days before the terrorist assaults, unusually high numbers of put options were purchased for the stocks of AMR Corp. and UAL Corp., the parents of American and United — each of which had two planes hijacked.

A put option is a contract that gives a holder the right to sell an asset at a specified price before a certain date. Several insurance companies are on the list — American International Group, AXA, Chubb, Cigna, CNA Financial, John Hancock and MetLife.
Germany's stock market regulator has said it was looking into the possibility of suspicious short-selling of insurance company shares — including AXA, a big French company whose shares also are traded in the United States — just before the terrorist attacks.

As with put options, investors who engage in short-selling are betting that the price of the stock will fall. The list of 38 companies also includes American Express; Bank of New York; Bank One; Bear, Stearns; Citigroup; Hercules; L-3 Communications Holdings; LTV Corp.; Lone Star Technologies; Progressive Corp.; Royal & Sun Alliance; XL Capital; and W.R. Grace.
———
On the Net:
Securities and Exchange Commission: http://www.sec.gov
Investment Dealers Association of Canada: http://www.ida.ca

[Must_B_Free]

5. What about Enron's 800 Cayman Island accounts with Starwars Names

Remember those? Last I recall the oficial statement of the carribean Banking oficials was that noone has asked them about the accounts.

[Jacobin]

6. They claimed that they couldn't figure it out

:eyes:

[SoCalDem]

7. Back then someone posted a graph

that showed the HUGE spike in trading.. It was so obvious, it was scary.. It's buried at DU1 in the archives , and the links are probably as dead as the one in my post..

[T Bone]

13. I remember there being some conclusion which essentially stated

that those involved could not have been involved in terrorism so there was no need to pursue it, however the fact it occurred shows that even though it was unthinkable, the people who shorted those stocks had to be in the loop on what was going down !!

[Aries]

8. But Martha Stewart goes to jail

and that's supposed to "send a message".

I suspect a real investigation of the pre-9/11 option trades would be blocked for national security reasons. If it even got that far...

It's a bit like the lack of attention to the escape of the Saudi Royals when no one else could fly after 9/11, as covered in Salon.

[Jacobin]

9. It does send a message. Dem donors are targets for

criminal prosecution.

RNC members may commit mayhem and fraud with impunity.

[Disturbed]

10. Uh?

what will happen with the $2,500,000 of unclaimed loot?

[SoCalDem]

11. Who says it's "unclaimed"?

:evilgrin:

[jackstraw45]

12. Gotta spread the word on this....

Really.

[SarahB]

14. Read this stuff some time ago

What happened to John O'Neill "LIHOP"ed it for me. Google him and World Trade Center.

[SarahB]

15. Read this stuff some time ago

What happened to John O'Neill "LIHOP"ed it for me. Google him and World Trade Center. There was an excellent Frontline piece on him about a year and a half ago.