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Originally posted by cohiba
The bigger problem will come when, after "investigating" all the purchases of "puts" nothing happens.
Some people made lots of money because they knew this would happen.
Originally posted by titian
Originally posted by cohiba
Some people made lots of money because they knew this would happen.
The options were never exercised the last I recall.
Originally posted by cohiba
The problem may be getting to the person(s) behind the "puts" as the CIA was well-aware of the abnormal stock activity preceding 9/11, but seemingly did nothing to stop it. Maybe having a high-level CIA Executive that used to be majorly involved in world banking has something to do with it....
Originally posted by HowardRoark
So are the people surounding Bin Ladin are that ignorant of international finance that they wouldn't try to sneak a quick profit in?
They certainly had fore knowlege.
Snip
I will start off with a clip from Allen Greenspan, who was quoted in the Wall Street Journal in 2000 as saying he was: "Concerned about the eighty (80) trillion dollar international derivative market."
What he did not say was that the composite US Government investment funds were the primary user, player, manipulator, and profiteers within that 80 trillion dollar derivative market. The government investment funds are professional short players with no equal in opposition.
The showing of derivative transactions both on the domestic and international fronts would burn the government's facade alive. Based on the fund trackers, government fund accounts were holding their largest short positions "ever" going into 911.
Who Made The AA 'Put' Options The Day Prior To 9/11
snip
September 6-7, 2001 - 4,744 put options (a speculation that
the stock will go down) are purchased on United Air Lines stock
as opposed to only 396 call options (speculation that the stock
will go up).
This is a dramatic and abnormal increase in sales
of put options. Many of the UAL puts are purchased through
Deutschebank/AB Brown, a firm managed until 1998 by the
current Executive Director of the CIA, A.B. "Buzzy" Krongard.
[Source: The Herzliyya International Policy Institute for
Counterterrorism, www.ict.org.il... September 21; The
New York Times; The Wall Street Journal.]
19. September 10, 2001 - 4,516 put options are purchased on
American Airlines as compared to 748 call options. [Source: ICT
- above]
20. September 6-11, 2001 - No other airlines show any similar
trading patterns to those experienced by UAL and American.
The put option purchases on both airlines were 600% above
normal. This at a time when Reuters (September 10) issues a
business report stating, "Airline stocks may be poised to take
off."
21. September 6-10, 2001 - Highly abnormal levels of put options
are purchased in Merrill Lynch, Morgan Stanley, AXA
Re(insurance) which owns 25% of American Airlines, and Munich
Re. All of these companies are directly impacted by the September
11 attacks. [Source: ICT, above; FTW, Vol. IV, No.7, October 18, 2001,
www.copvcia.com...
Who Made The AA 'Put' Options The Day Prior To 9/11
"Using the United transaction as an example -- the 2,075 put options, with each put option representing 100 shares of stock -- indicates that someone controlled 207,500 shares of United. The stock dropped from $31 to $18, giving the speculator a $13 profit.
The action in the American Airlines is equally unspectacular – at least by industry standards where the big players may pick up or drop hundreds of millions in such transactions. Between United and American, about $22 million in profits was made on the put options.
Business As Usual
Not only does the relatively modest action belie some daring market conspiracy by those in touch with terror plans, but the pre-Sept. 11 market history is also consistent, more or less, with business as usual. Adam Hamilton of Zeal LLC, a consulting company that does research on markets worldwide, has crunched the numbers and recently told Insight magazine:
"The market was in bad shape in the summer and early fall, and you know there were a lot of people who believed that there would be a sell-off in the market long before Sept. 11. For instance, American Airlines was at $40 in May and fell to $29 on Sept. 10; United was at $37 in May and fell to $31 on Sept. 10. These stocks were falling anyway, and it would have been a good time to short them.”
The downward trend in the airline stocks was backed up in the pre-Sept. 11 trading picture.
Insight reported that there were repeated spikes in put options on American Airlines during the year before Sept. 11 (June 19 with 2,951 puts, June 15 with 1,144 puts, April 16 with 1,019 and Jan. 8 with 1,315 puts). In the same period, United Airlines had slightly more action (Aug. 8 with 1,678 puts, July 20 with 2,995, April 6 with 8,212 and March 13 with 8,072)."
www.prisonplanet.com...