Friday, November 19, 2010

Waterboy Turns Detective

Kevin Ryan takes a fruitcake look at the insider trading issue. This part appears reasonable:

This is an example of the circular logic often used by those who created the official explanations for 9/11. The reasoning goes like this: if we assume that we know who the perpetrators were (i.e. the popular version of “al Qaeda”) and those who were involved in the trades did not appear to be connected to those assumed perpetrators, then insider trading did not occur.


Of course, the nutbars have quite a different vision of who was responsible for the 9-11 attacks and thus the world of those connected to the assumed perpetrators is much wider, and US-based.

As is typical with the Troofers, Ryan provides a great deal of dots, and invites the kooks to connect them:

The people ultimately found included an unnamed customer of Deutsche Bank Alex. Brown (DBAB). This involved a trade on United Airlines (UAL) stock consisting of a 2,500-contract order that was, for some reason, split into chunks of 500 contracts each and then directed to multiple exchanges around the country simultaneously.[12] When the 9/11 Commission report pointed to a “single U.S.-based institutional investor with no conceivable ties to al Qaeda,” it was referring to either DBAB or its customer in that questionable trade.

Michael Ruppert has since written about DBAB, noting that the company had previously been a financier of The Carlyle Group and also of Brown Brothers Harriman, both of which are companies closely related to the Bush family. Ruppert also noted that Alex. Brown, the company purchased by Deutsche Bank to become DBAB, was managed by A.B. (Buzzy) Krongard, who left the firm in 1998 to join the CIA as counsel to director George Tenet.[13] Krongard had been a consultant to CIA director James Woolsey in the mid 1990s and, on September 11th, he was the Executive Director of the CIA, the third highest position in the agency.


You know how it is, those dots could be connected in different ways than Ryan intends. Michael Ruppert has written about DBAB which was run by Buzzy Krongard who later worked at the CIA. Therefore Michael Ruppert is a CIA agent! Oh, wait, that's not the way the dots are supposed to be connected?

In 2002, investigator Kyle Hence wrote about the stocks involved in the SEC’s target list. Those that had the highest examples of trade volume over the average were UAL [285 times over average], Marsh & McLennan (Marsh) [93 times over average], American Airlines (AMR) [60 times over average], and Citigroup [45 times over average].[14] Other stocks flagged included financial firms, defense-related companies, and the reinsurance firms Munich Re, Swiss Re and the AXA Group. Put options for these reinsurance firms, or bets that the stock would drop, were placed at double the normal levels in the few days before the attacks. Regulators were concerned about “large block trades” on these stocks because the three firms were liable for billions in insurance payouts due to the damage inflicted on 9/11.[15]


You know what the problem is with all this analysis? We don't know what happened to the unflagged stocks. We don't know if there were lots of flagged stocks that didn't have unusual trading volume. I'd suspect that if you picked at random 100 stocks, 10 of them would have "unusual trading volume" today, just by chance.

Remember the bit about how the Commission assumed that al Qaeda was behind 9-11 and so they were only interested in people linked to al Qaeda? Well, look at the connection that Ryan makes:

However, Wirt Walker was connected to people who had connections to al Qaeda. For example, Stratesec director James Abrahamson was the business partner of Mansoor Ijaz, who claimed on several occasions to be able to contact Osama bin Laden.[24]


Interestingly, Ryan does not repeat the oft-made claim that Wirt Walker was a cousin of Bush. But:

Walker ran a number of suspicious companies that went bankrupt, including Stratesec, some of which were underwritten by a company run by a first cousin of former CIA director (and President) George H.W. Bush.


You know how it is, in Ryan's world, if you ran a number of companies that went bankrupt, you must have made lots and lots of money. He must think that Bill Gates has the wrong idea.

As usual, the real hilarity comes out in the comments section:

And let’s not forget the 240 billion dollars worth of bonds (converted to 10 year treasuries) that were coming due on September 12, 2001.
Coincidently, those securities were in the basement of the towers, and although the majority of the international bankers gold was removed before hand (whew, that was close!), the paperwork for those Black Eagle Trust bonds, which funded W’s fathers regime change acts 10 years before, unfortunately were lost.


The Black Eagle Trust is one of those WWII myths about what happened to the Nazi Gold; it just goes to show that old conspiracy theories never die, they just get subsumed into the new conspiracy theory.

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29 Comments:

At 19 November, 2010 10:34, Blogger Pat Cowardly said...

"Michael Ruppert has written about DBAB which was run by Buzzy Krongard who later worked at the CIA. Therefore Michael Ruppert is a CIA agent!"

Proof that Pat will never run out of straw from which to make his little men. Did you kill your father with shame, Pat?

 
At 19 November, 2010 14:29, Blogger GuitarBill said...

"Path Cowardly"--proof that children shouldn't eat paint chips.

 
At 19 November, 2010 14:35, Blogger Richard Gage's Testicles said...

Cowardly, I've been meaning to ask: is this about you? Some people seem to think so.

 
At 19 November, 2010 20:30, Blogger James B. said...

This involved a trade on United Airlines (UAL) stock consisting of a 2,500-contract order that was, for some reason, split into chunks of 500 contracts each and then directed to multiple exchanges around the country simultaneously.

Actually, having worked in the financial industry, it is actually rather common to split up large orders like this. Of course Waterboy would have no way of knowing this.

 
At 19 November, 2010 22:11, Blogger Pat said...

Hey Cosmos, still lying about Uncle Mickey?

http://www.truthnews.com.au/radio/wordpress/?p=668

 
At 20 November, 2010 16:38, Blogger 911TNLZ said...

Whoa dudes! Tin-foil MUCH? lol.

http://www.youtube.com/watch?v=AYtIIDQWiT4
Moar off topic lols

http://www.youtube.com/watch?v=rBtZgI7MWLA

Cuz like Aldo Marquis sez ZOMG CENSORSHIP IS BAD...except when CIT does it.

 
At 21 November, 2010 08:32, Blogger Pat Cowardly said...

Pat Curley on NORAD:

"I think it’s unconscionable the way that they lied to the commissioners... " -AssHat Swirley

"...something that they should have considered referring for criminal indictments..." -Fat Burlesque

"Take the perjury charges up with the 9-11 commission." -Assmos Hurley

Pat Curley (AKA GuitarBill, AKA Cosmos, AKA Beachnut), doesn't this make you a twoofer? When you couldn't find any other examples of perjury being 'caught and corrected' (your words), you were just joking, right? You didn't honestly think that 'debunked' anything right?

 
At 21 November, 2010 08:35, Blogger Pat Cowardly said...

Pat, could you help GB with the RJ Lee citation? Could you paste the passage that says that the iron microspheres 'could easily' have come from oxyacetylene torches?

He's working on finding the passage where it says they came from concrete.

 
At 21 November, 2010 08:36, Blogger Pat Cowardly said...

Okay Pat? (AKA Nico, AKA Bermas, AKA Alex Jones, AKA Mark "Parky76" Roberts, AKA Lazarus Long)

 
At 21 November, 2010 09:25, Blogger Richard Gage's Testicles said...

Cowardly, is this about you? Yes or no will suffice.

 
At 21 November, 2010 09:28, Blogger GuitarBill said...

Yo "Cosmos"!

Did you find time to shave that unsightly cat off your chin?

 
At 21 November, 2010 11:18, Blogger GuitarBill said...

Sheldrake: "your aunt, his wife..."

Andrew Bernstein: "Yeah. He was my mother’s sister’s husband."

Yeah, "Uncle Mickey" was your "mother’s sister’s husband"--that's the ticket.

ROTFLMAO!

Great find, RGT.

 
At 21 November, 2010 13:02, Blogger Lazarus Long said...

"Okay Pat? (AKA Nico, AKA Bermas, AKA Alex Jones, AKA Mark "Parky76" Roberts, AKA Lazarus Long)


You do realize, do you not, that you are quite insane?

 
At 21 November, 2010 20:25, Blogger Richard Gage's Testicles said...

GuitarBill, I can't take credit for the find. Thank Adam Syed for diming out his fellow nutcase.

 
At 21 November, 2010 23:41, Blogger GuitarBill said...

LOL! You can learn a lot from a troofer cat fight.

 
At 22 November, 2010 02:25, Blogger Dylan Unsavery said...

Pat Cowardly said...

Okay Pat? (AKA Nico, AKA Bermas, AKA Alex Jones, AKA Mark "Parky76" Roberts, AKA Lazarus Long)


I think I can offer a translation here, but I must admit that I'm not very familiar with this dialect of trooftard.

What I think it's saying is that anyone can throw out accusations about who is who. Therefore, I'm not Cosmos and so I don't have to answer RGT's awkward question.

 
At 23 November, 2010 11:42, Blogger The Masked Writer said...

Only Patty of this blog would find issue with someone trying to "connect the dots".

"Connecting the dots between criminal activity and the financial transactions that facilitate such activity is invaluable, not only in identifying, investigating, and ultimately prosecuting criminals, but also in preventing and deterring crime.-Source: FDIC."

What is the problem again with connecting the dots?
LMAO@U

 
At 24 November, 2010 08:11, Blogger snug.bug said...

We can't have people connecting the dots! If they did that they might start to follow the money!

And everyone knows, as the 9/11 Commission Report says, that the alleged hijackers' source of funds was "of little practical interest".

Pay no attention to Riggs Bank, Princess Haifa, the Bank of Credit and Commerce, Khalid bin Mahfouz, James Bath.

 
At 24 November, 2010 08:18, Blogger snug.bug said...

Ooops. "Ultimately the question is of little practical significance. Al Qaeda had many avenues of funding."
National Commission on Terrorist Attacks Upon the United States

 
At 24 November, 2010 08:57, Blogger Ian G. said...

Ah, now Brian will demonstrate his expertise in forensic accounting. This is going to be good....

 
At 24 November, 2010 14:08, Blogger GuitarBill said...

The Masked Prevaricator lies, "...What is the problem again with connecting the dots?"

The quote you lifted from the FDIC is taken out of context. Thus, the Masked Prevaricator resorts to another logical fallacy.

This explains why he was so careful not to source the quote from the FDIC with a hyperlink back to the webpage where he lifted the FDIC's statement.

Here's a link to the entire document--sans the Masked Prevaricators quote mining:

Source: FDIC: Connecting the Dots…The Importance of Timely and Effective Suspicious Activity Reports.

Notice the quotation is limited to SARs, not criminal investigations in general--and I quote: "...SARs play a critical role in exposing the financial links to illicit activities, on both a case-by-case and industrywide basis. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), bank supervisory agencies, and law enforcement depend on SARs to identify, investigate, and analyze criminal activity. Overall, the banking industry has been diligent in detecting and reporting suspicious activity; however, merely filing a SAR may not be enough. The agencies depend on complete, accurate, and timely reports to use SAR information effectively and efficiently."

Enjoy your bowl of crow, liar. And get used to being on a short leash, scumbag, because I'll consistently expose the boundless dishonesty that informs every post you make to this forum.

Good luck, because you'll need it.

 
At 24 November, 2010 14:10, Blogger GuitarBill said...

The Masked Prevaricator lies, "...What is the problem again with connecting the dots?"

The quote you lifted from the FDIC is taken out of context. Thus, the Masked Prevaricator resorts to another logical fallacy.

This explains why he was so careful not to source the quote from the FDIC with a hyperlink back to the webpage where he lifted the FDIC's statement.

Continued...

 
At 24 November, 2010 14:11, Blogger GuitarBill said...

Continued...

Here's a link to the entire document--sans the Masked Prevaricators quote mining:

Source: FDIC: Connecting the Dots…The Importance of Timely and Effective Suspicious Activity Reports.

Notice the quotation is limited to SARs, not criminal investigations in general--and I quote: "...SARs play a critical role in exposing the financial links to illicit activities, on both a case-by-case and industrywide basis. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), bank supervisory agencies, and law enforcement depend on SARs to identify, investigate, and analyze criminal activity. Overall, the banking industry has been diligent in detecting and reporting suspicious activity; however, merely filing a SAR may not be enough. The agencies depend on complete, accurate, and timely reports to use SAR information effectively and efficiently."

Enjoy your bowl of crow, liar. And get used to being on a short leash, scumbag, because I'll consistently expose the boundless dishonesty that informs every post you make to this forum.

Good luck, because you'll need it.

 
At 24 November, 2010 14:13, Blogger GuitarBill said...

Continued...

Here's a link to the entire document--sans the Masked Prevaricators quote mining:

Source: FDIC: Connecting the Dots…The Importance of Timely and Effective Suspicious Activity Reports.

Notice the quotation is limited to SARs, not criminal investigations in general--and I quote: "...SARs play a critical role in exposing the financial links to illicit activities, on both a case-by-case and industrywide basis. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), bank supervisory agencies, and law enforcement depend on SARs to identify, investigate, and analyze criminal activity. Overall, the banking industry has been diligent in detecting and reporting suspicious activity; however, merely filing a SAR may not be enough. The agencies depend on complete, accurate, and timely reports to use SAR information effectively and efficiently."

Enjoy your bowl of crow, liar. And get used to being on a short leash, scumbag, because I'll consistently expose the boundless dishonesty that informs every post you make to this forum.

Good luck, because you'll need it.

 
At 24 November, 2010 21:19, Blogger mkelley said...

Nice blog posts i like you way of blogging keep it up.

Academic Writing | classification essay | compare and contrast essay

 
At 27 November, 2010 10:53, Blogger snug.bug said...

GutterBall, the quote is not taken out of context. The context was an essay entitled "Connecting the Dots…The Importance of Timely and Effective Suspicious Activity Reports" and the context is "The significance of the SAR process in the fight against terrorism, drug trafficking, money laundering, bank fraud, and other financial crimes cannot be overstated."

So how is that out of context? You're just throwing penalty markers at random: "Offside! Holding! Clipping! Personal foul!" and hoping something sticks.

 
At 27 November, 2010 16:17, Blogger GuitarBill said...

Bug.fuck prevaricates, "...GutterBall, the quote is not taken out of context."

It most certainly is taken out of context.

The Importance of Timely and Effective Suspicious Activity Reports.

That said, "truthers" are stark, raving lunatics. On the other hand, the people who staff the FDIC are rational and intelligent.

As a result, it's important to establish who's "connecting the dots."

For example, a lunatic cannot be trusted to "connect the dots" in any coherent fashion--which explains why sane people relegate the troofers brain-dead, paranoid 9/11 conspiracy theory to the dust bin.

Got it, fruit loops?

 
At 29 November, 2010 09:32, Blogger snug.bug said...

Wow, your retroactive invention of intent is a truly amazing contortion demonstrating your pathological inability to admit you're wrong, ever! In your original post you said nothing about the issue of who connects the dots.

Look at yourself GutterBall. You set yourself up with what seems like an absolutely sure gig for never being wrong--a nice safe haven where a bunch of like-minded folks sit around and snigger at people they regard as stupid and crazy. And not even here can you get the infallibility you seek. Are you wife and kids that hard on your self-esteem?

 
At 29 November, 2010 10:52, Blogger Ian G. said...

Wow, Brian is really squealing over being pwn3d by GuitarBill. Maybe you should see a psychiatrist, Brian.

 

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