Wednesday, June 16, 2010

Yay, he's back!

I love this blog. Anyway, astute, long-time readers who have shared my skepticism of the official 9/11 story (and by story I mean fiction), might recall seeing posts about the heavy and suspect trading going on in the area of put options, right before 9/11. This is essentially betting that a company's stock will fall, and just coincidentally, the options were on the airlines involved in the events of 9/11. Which means someone made millions off the disaster, and would be a very strong indicator that some people had prior knowledge of the details of the attacks.
As you'll recall, investigations were launched, and then nobody heard much about the subject again, at least in the msm. Well, guess what happened to that evidence? Yep!

From The George Washington Blog:

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

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 β€” also transformed into huge profits when it did after the hijackings. Read the rest.

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