Just Curious - What Financial Records Were Destroyed At The WTC On 9/11?......

[global1]

I hope this thread doesn't get exiled to the deep recesses of DU - but didn't a lot of financial records get destroyed when the towers & building 7 went down in New York? Is there really a Bin Laden? Was Bin Laden's threat to bring down the U.S. economically a cover story? Was the Iraq war a distraction?

Yeah - go ahead and say it - my 'tinfoil hat' is on too tight this a.m.

[Zywiec]

1. Is there really a Bin Laden? Yes. n/t

[TechBear_Seattle]

2. I work in the financial industry. All I know is...

that after 9/11, federal securities and finance regulators came down HARD on record-keeping requirements, instituting a string of rules that mandated longer data retention, digital formats and CD or DVD media, strict off-site "crisis proof" storage and written documentation outlining procedures on business continuity and access those records in the event of major catastrophe destroying the firm's primary place of business. I know, because as part of the IT department for a fairly large brokerage firm, I had to implement it all. :eyes:

I don't recall anything explicitly mentioned about destruction of records in the attacks. But yeah, given the regulators' reaction, I expect a lot of data was destroyed.

[CJCRANE]

3. If you take a peek

into the Dungeon you might find a few answers (and a lot more questions).

SEC office destroyed:IPO probe in jeopardy

=> http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=125x237013

[SheilaT]

4. If you are trying to imply

that the current financial melt down has its roots in records lost then, you are barking up the wrong tree. The roots of deregulation go back to the Reagan administration, and much of the immediate causes of financial failure on the part of so many institutions is since 9/11, and rests firmly on the greed and dishonesty of those in charge. Not to mention that no one is claiming that records lost have anything to do with what's going on.

The Iraq war was a distraction from the incompetence of Bush and those around him, as well as a distraction from their systematic abrogation of civil rights and the huge shift of the tax burden from the wealthy to the middle classes. But Bin Laden, who is a real person, and who apparently is the person behind the 9/11 attacks, has nothing to do directly with that other stuff.

[global1]

6. I'm Sorry - But This A.M. I Read - What's Cooked This World's Economy?.........

link here: http://www.villagevoice.com/content/printVersion/850296

As I read it - I couldn't help but think that somehow 9/11 was somehow a diversion to prevent this meltdown from happening sooner. Kinda to refocus people's attention elsewhere - while trying to figure out some way to minimize the meltdown or kick the can down the road.

I'm sorry - but I've lost all confidence in the financial community. I don't trust anything - anymore and I've gotten very suspicious of everything.

The intricacies of money and how it interweaves with everything on this planet - the greed - the screw others to benefit me attitude - had just sparked this image of doing something drastic to divert attention away from the real problems. I'm beginning to line up on the side that says - we ain't seen nothing yet with respect to this financial meltdown and things are going to really get worse. I have that fear - yet what overrides my fear is this gigantic mistrust I have in all that we've been conditioned to believe. It's going to take a lot of repair work for me to once again have confidence in our financial institutions. Unfortunately - I'm on the waning years of my life being at the front end of the baby boom era. I probably won't be around to see this fixed in my lifetime. Unfortunate for me - but most unfortunate for those just coming up in the system.

[SheilaT]

7. Well, planning the attacks of

9/11 to keep the economy from melting down simply doesn't hold water as far as I'm concerned. There was no way whatsoever of knowing what would really be the aftermath of the attacks. We take for granted that what happened afterwards was the only thing that could have happened, and thus the planners (whoever they were) planned it that way. And to anticipate that there was a financial melt down coming which could be delayed by 9/11, that's just too complicated, and far too problematical.

[zipplewrath]

5. Some had learned from WTC 1

Several of the larger firms there had learned from the first WTC attacks and had instituted various disaster backup programs. There was one outfit that had just done a test of the system a week or so before the attacks. I'm sure that some information was lost, but as we've learned over the years, if you want to rebuild databases, it can be done. So much information is transported around electronically, that it exists somewhere.

If ones intent was to damage the finacial records of the US business sector, the WTC probably wouldn't have been your target. NYSE, the Fed bank, a few other choice sites might have been more useful. It probably would have required a hit in London as well.