Suppressed Details of 9/11 Insider Trading Leads to CIA's Highest Ranks

I'm sure 9/11 insider trading has been discussed many times, but this is what finally convinced one of my skeptical friends that 9/11 was an inside job:

CIA EXECUTIVE DIRECTOR "BUZZY" KRONGARD MANAGED FIRM THAT HANDLED "PUT" OPTIONS ON UAL

- Between September 6 and 7, the Chicago Board Options Exchange saw purchases of 4,744 put options on United Airlines, but only 396 call options. Assuming that 4,000 of the options were bought by people with advance knowledge of the imminent attacks, these "insiders" would have profited by almost $5 million.

- On September 10, 4,516 put options on American Airlines were bought on the Chicago exchange, compared to only 748 calls. Again, there was no news at that point to justify this imbalance; Again, assuming that 4,000 of these options trades represent "insiders", they would represent a gain of about $4 million.

- [The levels of put options purchased above were more than six times higher than normal.]

- No similar trading in other airlines occurred on the Chicago exchange in the days immediately preceding Black Tuesday.

- Morgan Stanley Dean Witter & Co., which occupied 22 floors of the World Trade Center, saw 2,157 of its October $45 put options bought in the three trading days before Black Tuesday; this compares to an average of 27 contracts per day before September 6. Morgan Stanley's share price fell from $48.90 to $42.50 in the aftermath of the attacks. Assuming that 2,000 of these options contracts were bought based upon knowledge of the approaching attacks, their purchasers could have profited by at least $1.2 million.

- Merrill Lynch & Co., which occupied 22 floors of the World Trade Center, saw 12,215 October $45 put options bought in the four trading days before the attacks; the previous average volume in those shares had been 252 contracts per day [a 1200% increase!]. When trading resumed, Merrill's shares fell from $46.88 to $41.50; assuming that 11,000 option contracts were bought by "insiders", their profit would have been about $5.5 million.

- European regulators are examining trades in Germany's Munich Re, Switzerland's Swiss Re, and AXA of France, all major reinsurers with exposure to the Black Tuesday disaster. [FTW Note: AXA also owns more than 25% of American Airlines stock making the attacks a "double whammy" for them.]

On September 29, 2001 - in a vital story that has gone unnoticed by the major media - the San Francisco Chronicle reported, "Investors have yet to collect more than $2.5 million in profits they made trading options in the stock of United Airlines before the Sept. 11, terrorist attacks, according to a source familiar with the trades and market data".

"The uncollected money raises suspicions that the investors - whose identities and nationalities have not been made public - had advance knowledge of the strikes". They don't dare show up now. The suspension of trading for four days after the attacks made it impossible to cash-out quickly and claim the prize before investigators started looking.

Excellent thread with great info for those who know little or none about the insider trading, further proving 9/11 was an inside job.

Thread flagged.

You would think this would educate people. However I am going to speculate that the Bush/CIA supporters will not be educated. They are like Rush Limbaugh in that they cannot see any further than their own agenda.

Starred and flagged.

well,,, those numbers sure don't lie,,,,, of course hasn't this been dropped like a hot potato-----i guess persuing it would blow the lid off it,,, admitting someone knew a little something of what would take place


this may be the best smoking gun of 9-11 no????

the debunkers can't fudge or make opinions on these hard facts can they????

Being a trading dimwit I didn't see what the big deal was and what it meant. So for the trading dimwits like me here is what it means from Investopedia:

A put option becomes more valuable as the underlying stock depreciates.

Originally posted by shortywarn
the debunkers can't fudge or make opinions on these hard facts can they????

Give them time. They'll make something up as usual.

I certainly do not doubt the info presented here, but was there any other circumstances happening with the stock that would justify the options being traded?

Also if it was inside info that caused the trades, common sense would tell you that the insiders could be from terrorist organizations as opposed to the dreaded Bush admin.

You can't have it both ways, is Bush the most diobolical mastermind in modern history or a bumbling idiot?

edit: sarcasm can kill threads, and that was not my intention

[edit on 12-2-2009 by Zepherian]



[edit on 12-2-2009 by Zepherian]

I personally am waiting on the "so you think Wall Street, or the Airlines were in on the conspiracy too" crap...

It seems that everytime the finger is pointed at someone else who benefits from this horrendous event, and it wasn't written in the Commision Report, it is shot down as too incredible to be true...DENIAL coming in 5...4...3...

Originally posted by groingrinder
You would think this would educate people. However I am going to speculate that the Bush/CIA supporters will not be educated. They are like Rush Limbaugh in that they cannot see any further than their own agenda.

Starred and flagged.

You actually sound as if you cannot see any further than YOUR own "Agenda". You keep grasping at straws, with "Facts" that can be twisted any which way.

I have no doubt that some individuals may have known of an imminent attack, and either did nothing, or were hindered in taking any preventative measures, BUT, this hardly places such Malevolence upon the Government-at-Large as individuals such as you wish to do.

IF this source is to in fact be trusted, it shows NOTHING more than some corrupt Officials taking advantage of a potential situation. It hardly displays any sort of Planning, or Implementation of an Attack. To be an "Inside Job", these Officials would have had to been Proven Complicit in Tasking, Recruiting, Training, Resourcing, Funding, and Following Through on the Attacks from Day 1.

If others knew about it who might they be? We are certain that Bin-Laden knew about it. What better way to poke the tiger than to profit from his losses and use the money to poke him again. I would hazard a guess that some in the Bin-Laden organization may have decided to make a little extra spending money, on the side, and might not have even mentioned to the big dogs.
This investigation will be interesting if we ever hear the names of the guilty.

reply to post by GoldenFleece


If I recall rightly the 911 'C'OMISSION report did mention the put options.

Only to say that since Al Qaeda is a terrorist network, they had no means of utilising market instruments to abuse the stock market. therefore it could never be traced to Al Qaeda. They concluded there was no merit in persuing it further!!! Can you beleive that!??

This is blatant insider knowledge....someone knew that the share price of these companies was going to plumet.

If as the report says Al Qaeda was not connected to the put options..this is the greatest argument for more investigation as there was outside knowledge of the attacks

If they were....Bush would have produced the evidence as proof they commited the crime. But as we know they didn't...I cannot see any scenario with this that lends weight to the official story!

[edit on 12-2-2009 by kiwifoot]

[edit on 12-2-2009 by kiwifoot]

Assuming this information is true, there is little that can be determined regarding a conspiracy until we know the identity of the individual(s) who requested these "put" options. To say that these alleged put options are evidence of a government conspiracy or evidence that the government was involved in carrying out 9/11 is a stretch, IMO.

For all we know, these put options were made by some wealthy Saudi businessmen who had knowledge of the impending attacks. Or it could have been al Qaida making an investment. Remember, these guys aren't stupid. I would not be at all surprised if some of bin Laden's personal fortune is/was invested in the US market. I would not be surprised if bin Laden increased his personal fortune through put options prior to 9/11.

What is especially suspicious to me is the fact that the government has remained tight-lipped, as well as the mainstream media. While this could certainly mean that high level government officials were involved in the put options, it could also mean that people with connections to al Qaida were the ones involved. The government could have apprehended and/or turned these people. As a result, they don't want anyone to know about it.

Before anyone calls me a debunker or a government mole or anything like that, let me make it clear that my mind is not made up either way. I am simply throwing possibilities out there. While I find many of the 9/11 conspiracy theories to be a little far-fetched, I am certainly open to the possibility of government involvement or foreknowledge of the attacks on some level. There is absolutely nothing wrong with my position as I have a completely open mind to all of the reasonable scenarios. I'm just not about to declare something one way or the other without what I believe is sufficient evidence pointing to the individuals involved.

The New York Times reported on 9/15/01 that Mayo Shattuck III, then head of A.B. Brown unit of Deutsche bank resigned on 9/12/01 leaving behind a 3 year 30 million dollar contract, no investigation followed but if nothing was wrong with the financial transactions taking place why resign from A B Brown?

reply to post by groingrinder


Are you saying that obama and the dems do not have an agenda!!

[edit on 12-2-2009 by secretthug]

"A single U.S.-based institutional investor with no conceivable ties to al Qaeda purchased 95 percent of the UAL puts on September 6 as part of a trading strategy that also included buying 115,000 shares of American on September 10...

Similarly, much of the seemingly suspicious trading in American on September 10th was traced to a specific U.S.-based options trading newsletter, faxed to its subscribers on Sunday, September 9, which recommended these trades".

Love how the article fails to mention that the same person who bought 95% of the put options also bought 115,000 shares on sept. 10. This is a typical "truther" article. Misleading and incomplete. If this proves anything it proves how BS the truth movement is.

Also all put option are automatically exercised at the time of expiration. This article is dated oct 9. Those options placed in sept were not expired by the time this article was written


[edit on 12-2-2009 by tide88]

[edit on 12-2-2009 by tide88]

Originally posted by Aubryish
The New York Times reported on 9/15/01 that Mayo Shattuck III, then head of A.B. Brown unit of Deutsche bank resigned on 9/12/01 leaving behind a 3 year 30 million dollar contract, no investigation followed but if nothing was wrong with the financial transactions taking place why resign from A B Brown?

Yeah, he left to take over constellation energy. Which pays him 9.8 million a year.

After helping lead several high-profile public offerings -- including those of Sun Microsystems Inc. and AOL -- he worked his way up, at age 36, to become Alex. Brown's president. Later he helped orchestrate its $1.7 billion sale to Bankers Trust Co. after realizing that Alex. Brown's balance sheet was too tiny to compete with the likes of Goldman Sachs. The operation was later sold again, to Deutsche Bank AG, which put Shattuck on many long airplane flights running global investments.

But Shattuck grew tired of being tired. He had started a family with his second wife, Molly, who recently did something that chief executives' wives are not expected to do. At age 38, she became a cheerleader for the Baltimore Ravens. He resigned from Deutsche Bank the day after the terrorist attacks on Sept. 11, 2001. At the time, he was also a finalist to help run the Olympic games in Salt Lake City. "That's when the board of Constellation came to me and said, 'We didn't know you were going to work right away. Why don't you come run this?' " Shattuck said.

source

also

Shattuck is leaving the firm to get away from the strain of helming an investment bank that essentially has headquarters on two continents -- Baltimore and Frankfurt, Germany, company executive said. "The combination of a lot of travel to Frankfurt and 3 a.m. conference calls just got a bit wearying," said Ben Griswold, the Baltimore-based senior chairman at Deutsche Banc Alex. Brown.

According to officials at the bank, Shattuck is to stay on indefinitely as a senior adviser and join the boards of two Deutsche Banc Alex. Brown subsidiaries, Bankers Trust Corp. and Bankers Trust Co.



A reason for the resignation was given, and it turns out that Shattuck was maintaining a connection with the company. Anyone might claim that the reason is false, and doubtless they will, but without some - or indeed any - evidence to support that, it's hard to see where this story will go.

source


[edit on 12-2-2009 by tide88]

funny how there is a law protecting the identities of put option traders.

Originally posted by _BoneZ_

Originally posted by shortywarn
the debunkers can't fudge or make opinions on these hard facts can they????

Give them time. They'll make something up as usual.

One person I know said it was Al-Qaeda that made those investments... and that's why they haven't collected the money.

"The uncollected money raises suspicions that the investors - whose identities and nationalities have not been made public - had advance knowledge of the strikes". They don't dare show up now.

SO I have a question... who has this information?

The SEC would... wouldn't they?

This info has been in the public arena for a long time. It is not new. Bin Laden was a very wealthy man who came from a very large wealthy and powerful family and mixed with very wealthy people before he became a mass murderer. (I should point out that his family have never been implicated in any of his crimes and run a legitimate international building company)

He and his confederates certainly had access to the internet and therefore could have easily traded options. There were also 20 terrorists and an unknown number of supporters living in the US prior to the attack who would have had knowledge.

These terrorists were sophisticated, well educated criminals.

So in addition to legitimate trades there were plenty of financially sophisticated criminals who had the opportunity to exploit their fore-knowledge..

Once again Occam's Razor gets dropped into the toilet of conspiracy.