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Profits of doom
telegraph.co.uk ^
| 23/09/2001
| telegraph.co.uk
Posted on 10/10/2001 10:01:05 AM PDT by CommiesOut
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To: Zviadist, Black Jade, madrussian, malarski, GROUCHOTWO
|
City nears 'all clear' on pre-carnage trades
By George Trefgarne, Financial Correspondent (Filed: 25/09/2001)
THE Financial Services Authority has nearly completed its investigation into possible insider trading before the New York terrorist attacks and is on the verge of giving the City a clean bill of health. Sir Howard Davies hopes to be able to sound the all clear this week. The news will be a relief to the City. There have been fears that terrorists used their knowledge to make profits by selling airline and insurance stocks and buying gold. Regulators in New York have been investigating huge short selling orders - where investors gamble that shares will fall - in American Airlines and United Airlines. In London, the Liffe futures exchange was concerned about unusual movements in options based on British Airways shares. Hundreds of FSA staff have been involved in the 10-day investigation. They have called about half of the 8,500 financial firms regulated in the UK and asked them to check their records. The operation has been co-ordinated by Carol Sergeant, the FSA director in charge of regulation. The FSA would not comment yesterday, but one source close to the investigation said: "Nothing really has been turned up here. For every trade there has been an explanation like a broker sell note. If there was anything behind all this, they would have found it by now." The source said: "I wouldn't say it's been a red herring." A big chunk of Middle Eastern money is managed out of London and there were natural fears that the City might be involved in any suspicious trades. Didier Reynders, the Belgian finance minister, pointed the finger over the weekend, saying: "There are very strong suspicions in Great Britain at the moment." The fact that no insider trading has been found may be seen as a partial vindication of existing money laundering rules, which work on the "know your customer" principle. Nonetheless, Gordon Brown has said he wants to tighten them up. However, London is not completely off the hook. A separate investigation run by the National Criminal Intelligence Service to see if any terrorist assets are invested or managed in London is continuing. If there is anything of which financial firms are suspicious, they must file a report to the NCIS which may then alert S0-13, Scotland Yard's anti-terrorist unit.
=========================================
Sergeant says: ""Nothing really has been turned up here. For every trade there has been an explanation like a broker sell note. If there was anything behind all this, they would have found it by now." Well, nothing to see here. Move along. |
To: CommiesOut
Thanks for this important post. I will say, however, that we still don't want or need "Know Your Customer" laws. The feds and the international commerce community has all they need at their disposal right now to confirm this tertiary (behind human life and property destruction) horror.
To: CommiesOut
You are an artist. What a shame your medium has to be NWO droppings....
To: LaBelleDameSansMerci
The KLM shorting is interesting, I don't recall any of the grounded planes that had suspicious items found on board being KLM.
To: CommiesOut
Sergeant says: ""Nothing really has been turned up here. For every trade there has been an explanation like a broker sell note. If there was anything behind all this, they would have found it by now."
Well, nothing to see here. Move along. "
=======
WHAT A PILE OF CRAP!!!!!!!1
They already have what they need to know, and what they know they don't want publicized, just like the xlintoooon investigations.
The tracking of options trading is very transparent. Even when it comes to Tyson chicken's commodities lawyer turning hitlery's $1000 into $100,000, it's not hard to do.
6
posted on
10/10/2001 11:04:12 AM PDT
by
XBob
To: CommiesOut
Because a major focus of this investigation was to implicate bin-Ladin, I find it interesting because this report actually exonorates him.
The failure to identify those that actually participated in this extraordinary trading in certain airlines and insurance companies marks a blatant COVERUP.
Who are these very protected people???? The media will not tell us; isn't that interesting!
To: CommiesOut
terrorists made millions by sophisticated trading This is the dumbest thing I've ever heard. Could this also point to the possibility that it was someone other than a bunch of cave dwelling Afghanis who orchestrated this attack? Not an option?
No, of course not. Repeat the mantra:
BIN LADEN IS THE DEVIL
BIN LADEN IS THE ENEMY
BIN LADEN MUST DIE
COME ON!!!
8
posted on
10/10/2001 11:20:22 AM PDT
by
mxbluto
To: LaBelleDameSansMerci
To: kristinn,LaBelleDameSansMerci, madrussian, GROUCHOTWO,malarski,Black Jade,Askel5,Carry_Okie,Zviadist
To: Black Jade
| Former U.S. official Schultz sees Saddam's hand |
|
 |
|
|
http://www.reuters.co.il/news2000/N2SAYBC3.HTM
SEATTLE, Oct 10 (Reuters) - Former U.S. Secretary of State
George Schultz said on Wednesday he believed Iraqi President
Saddam Hussein probably helped hijackers crash four U.S.
jetliners on Sept. 11, killing more than 5,000 people.
"I would be surprised if Saddam Hussein's fingerprints were
not in some ways on this," Schultz told hundreds of investors
gathered for a conference hosted by Charles Schwab Corp.
.
Schultz, who served as President Ronald Reagan's Secretary
of State and also worked in the Eisenhower and Nixon
Administrations, said he had no access to current U.S.
intelligence reports, but added he strongly suspected the Iraqi
leader of supplying terrorists.
"An Iraq ruled by Saddam Hussein is basically a K-Mart for
terrorist weapons," Schultz said, citing reports that Saddam
has tried to develop weapons of mass destruction.
Schultz also voiced support for Israel as well as U.S.
efforts to broker peace deals between Israel and neighboring
states. "Israel is a democracy in a sea of authoritarian ...
rule," Schultz said, adding that the "holy places" in Israel
revered by Christians, Muslims and Jews should be "run by ...
holy people."
Schultz also deflected criticism of U.S. allies Egypt and
Saudi Arabia, which have voiced only cautious support for U.S.
efforts to hunt down the alleged masterminds of the Sept. 11
attacks, including exiled Saudi millionaire Osama bin Laden.
The Saudi and Egyptian governments have collaborated with
U.S. officials as much as can be expected, given the serious
dangers of radical insurgencies in their own countries, Schultz
said.
((--Seattle bureau, chris.stetkiewicz@reuters.com,
206-386-5339))
10 OCT 2001 20:03:42
To: CommiesOut
Close catch but no cigar! Alex Brown may have handled the puts but this does not tell us who the purchasers are. As more and more question this major stock manipulation, the spin meisters are busy trying to divert us to old conspiracies.
A good example of this is the tie-in of the CIA and the opium/heroin trade. A close reading of all this literature shows that the CIA acted like the paid-off cop on the beat. The real villians were those in organized crime whose names are never mentioned in the media. Can anyone guess why this is?
To: GROUCHOTWO
You're probably right. It would be just too easy.
To: CommiesOut
What would be too easy?
15
posted on
10/10/2001 6:36:02 PM PDT
by
Askel5
To: mxbluto
This is the dumbest thing I've ever heard. Could this also point to the possibility that it was someone other than a bunch of cave dwelling Afghanis who orchestrated this attack? Bin Laden's family owns a multi-billion dollar construction firm in Saudi. It would be expected that he would grow up in an environment where sophisticated financial dealings were happening all the time
To: CommiesOut
You can make even more money in stock options than in short-selling
A stock option is something that gives you the right, but not the obligation, to buy or sell a certain amount of stock at a certain price. The option expires by a certain date.
As an example, on Friday 9/7, Boeing was trading at $44.85/share. You could buy a "put" option to sell Boeing at $50/share. The cost of the option was $5.40. If you had the option contract in hand, you could buy Boeing at 44.85 and turn around and sell it at 50, for a profit of $5.15/share. But this would not be attractive, since the price of the option ($5.40) was more than the profit you would make.
But, if you bought that option on 9/7/2001 and exercised it on the next trading day after WTC, you would make a BIG profit
On 9/17/2001, Boeing closed at $35.80. Anybody who bought an option on 9/7 would have been able to buy Boeing at 35.80 and sell it at 50.00, for a gain of $14.20.
Anybody who bought an option for $5.40 on 9/7 would have almost TRIPLED his money
There was a HUGE amount of option activity in Boeing on 9/7
Anyone who knew that several Boeing planes were about to play kamakazi could predict that a long-term fall in airline travel would mean that airlines were not going to be buying new planes anytime soon.
To: GROUCHOTWO
Who are these very protected people???? The media will not tell us; isn't that interesting! I would be very interested to find out who the people were who were doing all that option trading on 9/7
To: SauronOfMordor
A close reading of the above will reveal that bin-Laden was not involved and common sense would tell us, that if he had, every paper in the world would feature this.
Logic dictates that if this crime is not exposed the coverup encompasses some of our very elite financiers.
To: GROUCHOTWO
Logic dictates that if this crime is not exposed the coverup encompasses some of our very elite financiers. That's what I'm worried about too. I work in the financial industry. This stuff sticks out like a magnesium flare at midnight, yet we don't see much on it, outside of a couple of bits in the finacial press.
This indicates that the people who benefited from the advance knowledge are people who cannot be touched.
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