9/11 and Israeli insider trading

rican Investigators have established that in the
two weeks before the Sept.11, 2001 attacks in New York
and Washington, a group of Israeli speculators did a
particular manoeuvring in the stock market by selling
"short" stocks of 38 companies that were expected to
lose in value as a result of the attacks. They made
tens of millions of dollars through the deal, which
clearly indicated that they had prior knowledge of the
attacks.
Selling "short" means passing the shares of a friendly
buyer and then buy them back when the price falls. No
money actually hands except in books and both seller
and buyer are winners. If such deals take place just
ahead of events that have economic impact in the
market, then they automatically become suspect and are
treated as having carried out by people who had prior
knowledge of such events.
The deals were made between Aug.26 and Sept.10, 2001,
and according to
the American Securities and Exchange Commission these
speculators operated out of the Toronto, Canada and
Frankfurt, Germany stock exchanges.
The deals were made despite strict monitoring by the
Central Intelligence Agency (CIA), which uses special
software to keep a watch on stock market trading with
a view to check for possible warning sign of a
terrorist attack or suspicious economic behaviour.
The CIA immediately suspected that the Aug.26-Sept.10
deals had something to do with prior knowledge of the
attacks. The agency requested the Financial Services
Authority in London to investigate the suspicious
deals, with the hope that trail might lead to the
terrorists.  
However, what the agency found was the trail led to a
group of Israeli speculators operating out of Canada.
And then it emerged that the deals were also made
through the stock markets of Japan, Germany, the
United Kingdom, France, Luxembourg, Hong Kong,
Switzerland and Spain, and the same Israeli group were
behind those deals.
According to Adam Hamilton of Zeal LLC, a North
Dakota-based private consulting company that
publishes research on markets worldwide, as much as
$22 million were made as profit by the speculators.
London broker and analyst Richard Crossley has said
that that someone was selling shares in unusually
large quantities beginning three weeks before the
Sept.11 attacks and he had decided that this as
evidence that someone had insider foreknowledge of
the attacks.
According to the the Interdisciplinary Center, a
counter-terrorism think tank involving former
intelligence officers, "insider trading" — another
name for "short selling" —  made nearly $16 million
profit by short selling shares in American and United
Airlines, the two airlines that suffered hijacking,
and the investment firm of Morgan Stanley, which
occupied 22 floors of the WTC.
The CIA failed to link any of the suspicious
transactions with Osama Bin Laden or anyone remotedly
connected with it, and when the Israeli connection
became known, there was a total blackout of any
reports what the agency had found. At that time, many
suspected that the trail led to American firms or
intelligence agencies.
The companies whose stocks were sold "short" include:
he list includes stocks of American Airways, United
Air, Continental, Northwest, Southwest and US Airways
airlines, as well as Martin, Boeing, Lockheed Martin
Corp., AIG, American Express Corp, American
International Group, AMR Corporation, Axa SA, Bank of
America Corp, Bank of New York Corp, Bank One Corp,
Cigna Group, CNA Financial, Carnival Corp, Chubb
Group, John Hancock Financial Services, Hercules Inc,
L-3 Communications Holdings, Inc., LTV Corporation,
Marsh & McLennan Cos. Inc., MetLife, Progressive
Corp.,  General Motors, Raytheon, W.R. Grace, Royal
Caribbean Cruises, Ltd., Lone Star Technologies,
American Express, the Citigroup Inc. ,Royal & Sun
Alliance, Lehman Brothers Holdings, Inc., Vornado
Reality Trust, Morgan Stanley, Dean Witter & Co., XL
Capital Ltd., and Bear Stearns. The names of these
companies were released by the American Securities and
Exchange Commission, which, at that time, was seeking
information on whoever had sold short their shares and
repurchased them after the Sept.11 attacks.
All these companies suffered directly or indirectly as
a result of the attacks and all their shares fell
steeply after the attacks. The four planes used in the
attacks in New York and Washington belonged to
American Airways and United. On Sept.,6, 2001, alone
     2,075 sell-short deals were made on shares of
United Airlines and on Sept. 10, the day before the
attacks, 2,282 sell-short deals were recorded for
American Airlines. The profit from the deals were
estimated at b etween $2 million and $4 million.
What is more interesting is that most of the short
selling deals were handled primarily by Deutsche
Bank-A.B.Brown. Until 1998, the bank was chaired by A.
B. Krongard, who later became executive director of
the CIA.
Also interesting is that despite conflicting reports
in the beginning, it was reported by the New York
Times on Sept.22, 11 days after the attacks, that only
three Israelis were confirmed as dead: two on the
hijacked planes and another who had been visiting the
World Trade Centre towers on business.
The FBI and CIA say that they are continuing
investigations, but other sources say the
investigations have been completed some months ago,
and the findings were being held back just as key
parts of the congressional investigation into the 9/11
attacks are being kept away from the public eye.
After all, that the stranglehold that Israel has on
Washington.