Thursday, June 17, 2010

If it was Bin Laden who profited by shorting stocks on the eve of 9/11, why did the SEC destroy the records of the investigation?

From:
SEC: Government Destroyed Documents Regarding Pre-9/11 Put Options

(By Washington's Blog) --

On September 19, 2001, CBS reported:
Sources tell CBS News that the afternoon before the attack, alarm bells were sounding over unusual trading in the U.S. stock options market.

An extraordinary number of trades were betting that American Airlines stock price would fall.

The trades are called "puts" and they involved at least 450,000 shares of American. But what raised the red flag is more than 80 percent of the orders were "puts", far outnumbering "call" options, those betting the stock would rise.

Sources say they have never seen that kind of imbalance before, reports CBS News Correspondent Sharyl Attkisson. Normally the numbers are fairly even.

After the terrorist attacks, American Airline stock price did fall obviously by 39 percent, and according to sources, that translated into well over $5 million total profit for the person or persons who bet the stock would fall.

***

At least one Wall Street firm reported their suspicions about this activity to the SEC shortly after the attack.

The same thing happened with United Airlines on the Chicago Board Options Exchange four days before the attack. An extremely unbalanced number of trades betting United's stock price would fall — also transformed into huge profits when it did after the hijackings.

"We can directly work backwards from a trade on the floor of the Chicago Board Options Exchange. The trader is linked to a brokerage firm. The brokerage firm received the order to buy that 'put' option from either someone within a brokerage firm speculating, or from one of the customers," said Randall Dodd of the Economic Strategy Institute.

U.S. investigators want to know whether Osama bin Laden was the ultimate "inside trader" — profiting from a tragedy he's suspected of masterminding to finance his operation. Authorities are also investigating possibly suspicious trading in Germany, Switzerland, Italy and Japan...
On October 19, 2001, the Chronicle wrote:
On Oct. 2, Canadian securities officials confirmed that the SEC privately had asked North American investment firms to review their records for evidence of trading activity in the shares of 38 companies, suggesting that some buyers and sellers might have had advance knowledge of the attacks.

***

FMR Corp. spokeswoman Anne Crowley, said her firm -- which owns the giant Fidelity family of mutual funds in Boston -- has already provided "account and transaction" information to investigators, and had no objection to the new procedures announced yesterday. Crowley declined to describe the nature of the information previously shared with the government.
So the effort to track down the source of the puts was certainly quite substantial.

What were the results and details of the investigation?

Apparently, we'll never know.

Specifically, David Callahan - executive editor of SmartCEO - submitted a Freedom of Information Act request to the SEC regarding the pre-9/11 put options.

The SEC responded:
This letter is in response to your request seeking access to and copies of the documentary evidence referred to in footnote 130 of Chapter 5 of the September 11 (9/11) Commission Report.

***

We have been advised that the potentially responsive records have been destroyed.
If the SEC had responded by producing documents showing that the pre-9/11 put options had an innocent explanation (such as a hedge made by a smaller airline), that would be understandable.

If the SEC had responded by saying that the documents were classified as somehow protecting proprietary financial information, I wouldn't like it, but I would at least understand the argument.

But destroyed? Why?...MORE...LINK

1 comment:

apollonian said...

Evidence Destroyed Is Reality/Truth Destroyed--For Stupid, Hubristic Goons, Anyway
(Apollonian, 18 Jun 10)

Evidence is destroyed by perpetrators and those who work for them who don't want people to know--for same reason NY Mayor Giuliani and cohorts had the WTC steel rubble evidence packed off to be destroyed, sold to India and China. For the rubble would have shown evidence for the explosive cutting charges which brought bldgs down in first place, don't u see?

So we know WHY evidence was destroyed--deeper reason is perpetrators know MOST PEOPLE (evidently) don't want to know true reality as they imagine and want to think REALITY IS WHAT U WANT IT TO BE (subjective)--such is gross, horrific HUBRIS of degenerate inferiors and weaklings in CYCLIC "Decline of the West," by Oswald Spengler.

So if u destroy evidence for reality and truth, thus u destroy truth and reality themselves--u thus become GOD. Don't u want to be God? Thus Jews insist God is their slave--see RevisionistHistory.org and Come-and-hear.com for best Talmudic expo.

So destroying evidence is a way to MANIPULATE REALITY in the minds of stupid, inferior people who predominate our degenerate culture presently, allowing one to lie more successfully to the stupid goons who make up so much of present "citizenry" of USA, gross, horrible, degenerate ZOG-Mammon emp. of lies.

Thus catastrophic disaster MUST FIRST OCCUR in order to expend and de-populate the culture of such stupid, cowardly people who prefer lies against TRUTH. And unfortunately, such disaster is what's getting ready to happen, soon, very soon now, such scummy goons getting their horrific wish, about to be betrayed by their revered "leaders" of "hope" and "change," US Dollar about to collapse, etc.

Thus in order to overthrow ZOG-Mammon emp.-of-lies, we must (additionally then) overthrow liars and culture of lying--hence we must overthrow subjectivism and Pelagian heresy of "good-evil" delusion/fallacy--but this isn't easy as there are soooooooo many goons and inferiors who believe in such "good" heresy moralism-Pharisaism.

Basic, practical tool then of these liars and their ruling regime is Fed COUNTERFEIT fraud--see RealityZone.com and TheMoneyMasters.com for expo/ref. on US Federal Reserve Bank.

So we need JEW-EXPULSION, but trick is to, FIRST, remove Jews' "Praetorian Guard" consisting of "Judeo-Christian" (JC--see Whtt.org and TruthTellers.org for expo/ref.) hereticalists who lie and worship Jews, saying Christ was Jew (hence Talmudist), and treasonously support enemy terror-state of Israel.

Thus true Christian patriots must lay revolutionary foundation by preaching truth and real Christianity, thus under-cutting support for JCs--thus Jew masterminds.

CONCLUSION: Thus Christian patriots must emulate orginal Christian revolutionary, St. Constantine the Great, who effected first and most successful Jew-Expulsion of all history. Twist then, once again, for present-day is to remove, FIRST, Jews' otherwise invincible JC "Praetorians," as noted--which requires genuine Christian revival/resurgence. Christianity is thus NECESSARILY and thematically anti-semitic (anti-Talmud, as Gosp.s MARK 7:1-13 and MATT 15:3-9), hence rationalistic (founded in Aristotelian OBJECTIVITY, necessary criterion for truth), dis-avowing Pelagian heresy of "good-evil" and perfectly "free" will delusions/fallacies. Honest elections and death to the Fed. Apollonian