Monday, December 01, 2008

Pre-9/11 Put Options were bought on more than Airlines‏ on behalf of dick.mcmanus

Insider Trading

Pre-9/11 Put Options were bought on more than Airlines
Financial transactions in the days before the attack suggest that certain individuals used foreknowledge of the attack to reap huge profits. The evidence of insider trading includes:
· Huge surges in purchases of put options on stocks of the two airlines used in the attack -- United Airlines and American Airlines
· Surges in purchases of put options on stocks of insurance companies expected to pay out billions to cover losses from the attack -- Munich Re and the AXA Group
· Surges in purchases of put options on stocks of financial service companies hurt by the attack -- Merrill Lynch & Co., and Morgan Stanley and Bank of America
· Huge surge in purchases of call options of stock of a weapons manufacturer expected to gain from the attack -- Raytheon
· Huge surges in purchases of 5 year treasury notes.
All this can not be explained as "market pessimism," because the prices of the stocks in ALL the airlines doesn't reflect the same market pessimism.
$2.5 million of the put options remained unclaimed is not explained at all by market pessimism, and is evidence that the put option purchasers were part of a criminal conspiracy
Put and call options are contracts that allow their holders to sell and buy assets, respectively, at specified prices by a certain date. Put options allow their holders to profit from declines in stock values because they allow stocks to be bought at market price and sold for the higher option price. The ratio of the volume of put option contracts to call option contracts is called the put/call ratio. The ratio is usually less than one, with a value of around 0.8 considered normal.
One analyst later said, "I saw put-call numbers higher than I've ever seen in ten years of following the markets, particularly the options markets."
One $2.5 million trade, made through AB Brown by a late-comer went unclaimed after 9-11 when the markets were closed for four days. By that time alarms over the insider trades were sounding all over, even on CBS News. Most of the smarter crooks had absconded with their money by exercising their put options while the attacks were taking place through offshore accounts.
The head of AB Brown, Mayo Shattuck III, who is a close friend and associate of Krongard, resigned the day after 9-11-2001 ,,,. To this day the Bush Administration has not told us who made those insider trades or why the head of AB Brown resigned on 9-12-2001.
A.B. "Buzzy" Krongard — was the Executive Director of the Central Intelligence Agency and is the former Chairman of the investment bank A.B. Brown and former Vice Chairman of Banker's Trust.
The Bloomberg News reported that put options on the airlines surged to the phenomenal high of 285 times their average. Over three days before terrorists flattened the World Trade Center and damaged the Pentagon, there was more than 25 times the previous daily average trading in a Morgan Stanley "put" option
Bank of America showed a fivefold increase in put option trading on the Thursday and Friday before the attack. The bank's shares fell 11.5 percent in the first week after trading resumed on Sept. 17.
A jump in UAL (United Airlines) put options 90 times (not 90 percent) above normal between September 6 and September 10, and 285 times higher than average on the Thursday before the attack.

-- CBS News, September 26 A jump in American Airlines put options 60 times (not 60 percent) above normal on the day before the attacks.

-- CBS News, September 26 No similar trading occurred on any other airlines

-- Bloomberg Business Report, the Institute for Counterterrorism (ICT), Herzliyya, Israel [citing data from the CBOE] 3 Morgan Stanley saw, between September 7 and September 10, an increase of 27 times (not 27 percent) in the purchase of put options on its shares. 4

Merrill-Lynch saw a jump of more than 12 times the normal level of put options in the four trading days before the attacks. 5
The Maurice "Hank" Greenburg, former CEO of AIG insurance, still manages from a distance one of the world's largest capital investment pools, and was actually offered up as possible CIA director, and was exposed by Michael Ruppert as having longstanding connections to CIA drug trafficking and covert operations. Also, AIG stock managed to bounce back extremely well since the 9/11 attacks. And so on.
Michael C. Ruppert's investigation (From The Wilderness, August 14, 2001) exhaustively deconstructed Greenberg and AIG, exposing continuing connections to covert operations, narco-trafficking, money laundering, and AIG's central role in the Wall Street/Washington power nexus. In addition to explaining how "insurance" is used in intelligence operations, Ruppert tracked down then-AIG employee Coral Talavera, the wife of Medellin Cartel co-founder Carlos Lehder. The questions raised by Ruppert regarding AIG's connection to Lehder and millions in drug money (laundered between 1987-1992) remain unanswered, and the dark realities about the conglomerate, studiously ignored.
Michael Ruppert revealed that as insurance carrier for the Bank of New York, AIG was indirectly linked to the laundering of up to $10 billion in criminal money out of Russia by the Bank of New York.
· Greenberg was among the top Wall Street elite who spearheaded the "free market transformation" of Russia in the early 1990s (which ultimately looted the country).

A credible source has told Ruppert, but he has not been able to confirm it, that AIG also insures the U.S. Department of Justice which was charged with investigating BoNY and which decided not to file criminal charges in 1999.

source and For the rest of the story

Bloomberg LP v. Board of Governors of the Federal Reserve System
Nov. 10, 2008 (Bloomberg) -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral
Bloomberg News has requested details of the Fed lending under the U.S. Freedom of Information Act and filed a federal lawsuit Nov. 7 seeking to force disclosure.
Comment: The theory is that the collateral was nothing, false paper assets and the banks knew it.
Michael C. Ruppert wrote:
Paulson, of course, won't disclose what "assets" were purchased in any bailouts because then it would be discoverable that there are many more paper mortgages than there are actual properties.
June 14th 2006: Taking into account a multitude of factors such as: unpredictable collapses of large oil fields (e.g. Burgan in Kuwait); global warming and hurricanes; rapidly spreading geopolitical instability; the collapsing housing bubble; soaring bankruptcies; exploding military budgets; the continuing ascendancy of nations like Venezuela, Iran, Russia and China; earthquakes; volatile insurgencies in West Africa; declining global food production and many others,
DID THE AMERICAN ELITE KNOW IT WAS THE inevitable fate of OUR empire IS in decline and their inability to control events.
Business Week Online has just reported that George W. Bush on May 5, 2006 signed a memo entitled "Assignment Of Function Relating To Granting Of Authority For Issuance Of Certain Directives: Memorandum For The Director Of National Intelligence."
In the document, Bush assigned intelligence czar, John Negroponte, the task of waiving Securities and Exchange Commission rules, established in 1934, pertaining to accounting disclosures by publicly traded companies.
President George W. Bush bestowed on his intelligence czar, John Negroponte, broad authority, in the name of national security, to excuse publicly traded companies from their usual accounting and securities-disclosure obligations. Notice of the development came in a brief entry in the federal register.

Unbeknownst to almost all of Washington and the financial world, Bush and every other President since Jimmy Carter have had the authority to exempt companies working on certain top-secret defense projects from portions of the 1934 Securities Exchange Act. Administration officials told BusinessWeek that they believe this is the first time a President has ever delegated the authority to someone outside the Oval office. It couldn't be determined whether any company has received a waiver under this provision...

The timing of this move is intriguing. On the same day the President signed the memo, Porter Goss resigned as director of the Central Intelligence Agency.
..." the amended version of the 1934 act states that "with respect to matters concerning the national security of the United States, "the President or the head of an Executive Branch agency may exempt companies from certain legal obligations." These obligations include keeping accurate "books, records, and accounts" and maintaining a system of internal accounting controls sufficient "to ensure the propriety of financial transactions and the preparation of financial statements in compliance with "generally accepted accounting principles."

Whether it's drug money, US Treasury money, or a silent selling off and transfer of assets out of the country before the crash (which will leave stockholders holding the bag again),...(hid from the public)

(What if it turns out that) the list of companies exempted from filing complete reports will match --almost perfectly -- the list of firms that are now receiving Treasury bailout funds -- our money.

NOTE: The 9/11 attack destroyed records at the SEC and probably many investiagive case of wrong-doing they were investigating,. The attack on the Pentagon destroyed the files of the accounting section of the Department of Defense, who couldn't account for $2 trillion. ( I think, am not sure of this amount, but it was in a trillion dollar number. )

"Conspiracy" just means, more than one person being involved in something
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