Saturday, May 13, 2023

September 11 2001 - Wall Street After 9/11 - Documentary


What is the motive in the theory that 9-11 was an inside job?


The answer then goes on to state that:
People say that insiders bought securities that would generate profit after the 9/11 attacks.
Unusual stock and option transactions have already been investigated and were found to be ordinary transactions resulting from well-known business expectations. This was done by the 9-11 Commission & others.

Furthermore, financial transactions are completely transparent: We know exactly who did them. Only a fool would simply buy 10s of millions of put options (anything less would not be worth it) and then go blow up the WTC--we would know immediately who did it.

Moreover, insider-trading is a crime and the Security and Exchange Commission (SEC) routinely monitors all trades for excess profits. There’s no way to cover it up.

Also, many of the people who died in WTC 1 & 2 are in the financial industry and many of their close friends would be in finance also. Surely, these friends & colleagues of the deceased would all have complete access to trading data. They would go crazy with anger if they could find anything fishy in the deaths of their friends. But, the thousands of people who work on wall street are quiet indicating no unusual activity.

If these transactions are real, then (1) who is the biggest profit-maker, (2) how much did they make & when, and (4) how does this activity compare to historical transaction volume that ordinarily occurs? It's specifics that make a claim plausible and verifiable. It's vagueness that suggests it's all made-up.

Until there is an intelligent answer for the above, we can safely be assured that all these "millions of transactions" are a myth.
I'm actually going to accept this part of the answer, and get this, agree with the Screw Loose Change blog.

[UPDATE October 2014:

Economics Professor Paul Zarembka, has written in the past that the work of Mike Williams at the debunking site had caused him "to reconsider [his] prior conclusion of high probability of insider trading in put options" for American and United airlines stocks. I have previously stated that I believe the insider trading issue had been effectively debunked.

In this recent interview Zarembka cites new evidence that brings him and myself back to his original conclusion.]