Who Placed the Put Options prior to 9-11?

Self and Web and AP | 28 April, '01 | Self and Extracted and AP

[rdavis84]

The below info is a portion of a list of questions that are outstanding from the 9-11-01 WTC Attack.  Shouldn't we suspect that the dealing evidently involved "sensitive individuals"? Why are we treated as peons who have no need to know about matters like this?

In September the Securities and Exchange Commission initiated an inquiry to establish who benefited from the unusually high numbers of put options purchased prior to September 11 for shares in companies whose stock prices subsequently plummeted, on the supposition that whoever was behind the hijacking was also behind most of the purchases of these put options. Why has this inquiry stalled? Why have those who benefited from the purchases of these put options not been identified (or at least, not publicly)?

This article appeared in the International Herald Tribune, 2001-10-04.

SEC Releases List of Suspect Trades

Link is Sought to Sept. 11 Attacks

The Associated Press

WASHINGTON — The [U.S.] government says it is investigating suspicious trading in 38 companies, including major airlines, cruise lines, General Motors Corp., and Raytheon Co., to determine if people used advance knowledge of the terror attacks last month to profit from trading in the companies' shares. <<<<< SNIP >>>>>>

The commission has not previously disclosed details of its investigation, part of a worldwide inquiry into advance trading by individuals linked to the terrorists. The agency's list of 38 companies was posted Monday [2001-10-01] on the Web site of the Investment Dealers Association of Canada, which represents that country's securities firms.

The Securities commission has asked U.S. and Canadian brokerage and investment firm to review their records for trading in the stocks to find any unusual patterns in the weeks leading up to Sept. 11, the day hijackers slammed planes into the World Trade Center and the Pentagon, killing thousands.

Several days before the attacks, there was unusually heavy trading in airline and related stocks using a market tactic that essentially bets that a stock will decline in value."

The below info is a portion of a list of questions that are outstanding from the 9-11-01 WTC Attack.  Shouldn't we suspect that the dealing evidently involved "sensitive individuals"? Why are we treated as peons who have no need to know about matters like this?

 

[AmericaUnited]

A lot of these trades have been found to have no basis. Take the American Airlines puts for example. I believe on the Friday before 9-11, American annouced poor earnings or an expectation of such, so of course people would be heavy buyers of puts on the following Monday, 9-10.

[ex-Texan]

The Feds know who profited with secret knowldge of 9/11 .... those brokerage accounts should have been frozen immediately. But the Feds are silent .... not one word.

Osama bin Laden was bragging he would make a huge killing in the market. Rumors have been floating about Russkies pocketing billions in put profits. Wanna bet our 'Middle Eastern friends' the Saudis made hundreds of billions in illegal profits? How about big money Clintonite cronies? How about accounts held by wealthy Chinese, and front corporations owned by the Peoples Liberation Army?

[NativeNewYorker]

The big rumored play was a multi-billion dollar purchase of US treasuries right before the attack.

In the subsequent flight-to-safety, those securities soared.

[rdavis84]

Bad Pennies and the Put option Question just won't go away :-)

[rdavis84]

"The big rumored play was a multi-billion dollar purchase of US treasuries right before the attack."

I haven't heard about that. Any speculation re; Who Bought them?

[Tasha]

I remember the days before September 11th. You see, it was very unusual for anybody with any understanding of trading to buy puts on the bottom of the trading range. The United States Treasury bond (TYX.X) was already reversing. There was no news, or events which could stop the bond from buying over sold stocks, which in that case would make them go up.
The bond people do not care, they just buy, as long as they reach their desired effect. The amount of money which can come out of a reversing bond is incredible. That way, I do not believe that anybody who is normal, and knows anything about trading, would be buying puts (with short expiration dates) on the bottom of the trading range. They would buy them on the top; they might not sell it, but for anybody who trades, it would be suicidal to buy puts on the bottom of a trading range.
I really do have big doubts that that kind of buying in Boeing and other airline stocks was just coincidental. Since those jerks killed our own people, I hope that the Federal government will take a good look at what was the motivation, and the connection. I am not asking for revenge, I'm asking for justice. Those jerks killed lots of decent and innocent people. Some of them were traders. No one should make profit out of the blood of innocent traders and people.

[Tasha]

In every market, there is a moment where fear turns into value. In times like those, traders are stepping in. Friday, September 8, was one of those days.

[Fred Mertz]

nopardons claimed to have 'insider knowledge' of an investigation by the SEC? or somesuch that her husband was involved in.

I say she's full of crap unless she spills her info onto the boards here at FR.

[aristeides]

I forget whether it was in American or United, but there was heavy trading in put options for one of those airlines on the Thursday and Friday preceding 9/11. Thursday just happens to be the day when bin Laden says on one of the videotapes he got word that the attack was going forward.

[rdavis84]

"I say she's full of crap unless she spills her info onto the boards here at FR."

Right, Fred. That's the new extent that apologists have to go to in running interference for the dysfunctional government.

Well, that and claiming a "Master Plan" or excellent Chess Moves! Don't those just get you laughing?

[NativeNewYorker]

Well, the Saudi Central Bank has always been a huge treasury market player, with $2-5 billion trades completely ordinary.

[thinden]

nopardons claimed to have 'insider knowledge'...

when did noparsons make this claim? like many things, I missed this, too.

[Fred Mertz]

She made the claim about 4 weeks ago on one of rdavis' threads if I recall correctly (IIRC).

Maybe she'll grace us with her presence again.

[rdavis84]

I'll try to find the comment is just a little while from now.

[1Old Pro]

The SEC is still trying to unravel the Hitlery futures scheme....aren't they?

For possibly the most regulated industry with the most paper trails they sure have a difficult time investigating crimes involving securities trading.

[rdavis84]

Here's a part of the puzzle that was brought out before ---

CIA, THE BANKS AND THE BROKERS FTW, M. Ruppert

Understanding the interrelationships between CIA and the banking and
brokerage world is critical to grasping the already frightening
implications of the above revelations. Let's look at the history of CIA, Wall Street
and the big banks by looking at some of the key players in CIA's history.

Clark Clifford - The National Security Act of 1947 was written by Clark
Clifford, a Democratic Party powerhouse, former Secretary of Defense,
and one-time advisor to President Harry Truman. In the 1980s, as Chairman of
First American Bancshares, Clifford was instrumental in getting the
corrupt CIA drug bank BCCI a license to operate on American shores. His
profession: Wall Street lawyer and banker.

John Foster and Allen Dulles - These two brothers "designed" the CIA for
Clifford. Both were active in intelligence operations during WW II.
Allen Dulles was the U.S. Ambassador to Switzerland where he met frequently
with Nazi leaders and looked after U.S. investments in Germany. John Foster
went on to become Secretary of State under Dwight Eisenhower and Allen went
on to serve as CIA Director under Eisenhower and was later fired by JFK. Their
professions: partners in the most powerful - to this day - Wall Street law
firm of Sullivan, Cromwell.

Bill Casey - Ronald Reagan's CIA Director and OSS veteran who served as
chief wrangler during the Iran-Contra years was, under President Richard
Nixon, Chairman of the Securities and Exchange Commission. His
profession: Wall Street lawyer and stockbroker.

David Doherty - The current Vice President of the New York Stock
Exchange for enforcement is the retired General Counsel of the Central
Intelligence Agency.

George Herbert Walker Bush - President from 1989 to January 1993, also
served as CIA Director for 13 months from 1976-7. He is now a paid
consultant to the Carlyle Group, the 11th largest defense contractor in
the nation, and which shares joint investments with the bin Laden family.

A.B. "Buzzy" Krongard - The current Executive Director of the Central
Intelligence Agency is the former Chairman of the investment bank A.B.
Brown and former Vice Chairman of Banker's Trust.

John Deutch - This retired CIA Director from the Clinton Administration
currently sits on the board at Citigroup, the nation's second largest
bank, which has been repeatedly and overtly involved in the documented
laundering drug money. This includes Citigroup's 2001 purchase of a Mexican bank
known to launder drug money, Banamex.

Nora Slatkin - This retired CIA Executive Director also sits on
Citibank's board.

Maurice "Hank" Greenburg - The CEO of AIG insurance, manager of the
third largest capital investment pool in the world, was floated as a possible
CIA Director in 1995. FTW exposed Greenberg's and AIG's long connection to
CIA drug trafficking and covert operations in a two-part series that was
interrupted just prior to the attacks of September 11. AIG's stock has
bounced back remarkably well since the attacks. To read that story,
please go to http://www.copvcia.com/stories/part_2.html.

One wonders how much damning evidence is necessary to respond to what is
now irrefutable proof that CIA knew about the attacks and did not stop them.

Whatever our government is doing, whatever the CIA is doing, it is
clearly NOT in the interests of the American people, especially those who died
on September 11.

[michaelje]

Ive been following this for months. Notice how the media has remained silent on any follow up stories ? Any thoughts as to why ?

[rdavis84]

I believe that most of the reason is pressure from the two agencies implicated; FBI and CIA.

The CIA's involvement at the highest levels of Banking and Brokerage Firms carries into the Media as well.

[rdavis84]

Please refer to reply #17.