Kevin Ryan takes a fruitcake look
at the insider trading issue. This part appears
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. 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. 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]. 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.
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.
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.
Labels: Insider Trading, Kevin Ryan