Monday, October 09, 2006

Idiotic Loose Change Forum Post O' the Day

This thread originated with Indymedia and the guy has already been corrected by a Looser, but I thought it was such a textbook example of their logic that it deserved posting. This is what happens when your knowledge of a subject goes no further than the ability to recognize a couple of keywords.

When I first saw the title, "Put options - Mossad" I figured that the Loosers had finally found their smoking gun, they tied the 9/11 put options to shadowy intelligence agencies. The text in the thread backed up this claim:

An SEC case issued against Alexander (Docket 19796 Aug.9/06) has accused Alexander of backdating Put Options on United Airlines and American Airlines.

Alexander has also been accused of using his company Odigo, an Israeli espionage operation, for the purpose of making these illegal trades.

The SEC has now fingered Alexander in wiring 57 million dollars to Israel, two weeks after 9-11. Within two weeks after the 9-11 Attack on America, Odigo was taken over by Converse Technology, and it was during this takeover period that the backdating of the Put Options took place.

Unfortunately this theory only holds up until you actually read what this guy is wanted for:

What is unclear is whether he will fight attempts to bring him back to the United States to face charges, including conspiracy, securities fraud and money laundering in connection with a scheme to backdate stock options at Comverse. A 32-count indictment against Mr. Alexander was unsealed on Wednesday by federal prosecutors in Brooklyn.

This has nothing to do with put options, which are bets that a stock will fall, on airline stocks, this is backdating incentive options in his own company. That is the practice, which many companies have been in trouble for recently, of dating stock options after the fact so as to enhance their value for insiders. Oh well, there goes another theory out the window.

7 Comments:

At 09 October, 2006 10:04, Blogger Manny said...

That was one of my favorites lately, particularly since it had the US government conspirators trying to hunt down and jail one of the Israeli conspirators. After all, isn't it true that one of the best ways to keep something secret is to royally piss off a co-conspirator?

But my absolute favorite post over the weekend is this one, in which one of the Loosers finds a perfectly respectable (if speculative), real, investigation into the cause of the tower collapeses and assigns it to:

"some kind of 'university' that also has high school programs for 'pre-engineering' students.

Very weird - looks like a government operation to me."

Of course one of the adminstrators comes in to agree. He fails to notice that the "some kind of 'university'" which looks like a government operation is Worcester Polytechnic Institute, one of the best engineering universities in the country. So not only do they lack engineers, they can't even identify them.

 
At 09 October, 2006 11:47, Blogger James B. said...

LOL, these idiots will believe any "whistleblower" who comes along faking his credentials, but an entire university, well that must be fake!

 
At 09 October, 2006 11:48, Blogger default.xbe said...

just like the "so-called" experts that dylan says disagree with kevin ryan, lol

i mean seriously, if 3 high school educated kids can figure out this whole conspiracy, then obviously anyone supporting the official story cant be that bright

 
At 09 October, 2006 12:20, Blogger default.xbe said...

it wasnt at LC forums, but this is pretty idiotic (read point #2)

 
At 09 October, 2006 13:26, Blogger Triterope said...

Manny, great find. That thread rates an entire SLC blog entry on its own. It is loaded with stupidity. Such as:

"I tried to find out what eutectic formations are. If you do a google search, you get another website that supports the official story."

A Google search for "eutectic formations -WTC" turns up five pages of results. One reads:

"A eutectic formation occurs when two materials heated in contact with one another melt at temperatures much lower than their individual melting temperature."

You'd think this process would be of interest to people seeking a truthful scientific explanation of the WTC building collapses. (Actually, it is.)

 
At 09 October, 2006 14:30, Blogger Manny said...

It's interesting and problematic for the Twufers, if they were to actually read the stuff.

On the one hand, if the thoughts put forward by the paper turn out to have merit, then NIST has indeed not adequatetly addressed the issue (though it is public, in the FEMA report). Are many steel-designed structures weaker than their designs indicate because of the possibility of eutectic reaction occurring during fire supression or otherwise during a fire? Is the commercial real estate industry and its regulatory oversight infrastructure improperly downplaying a potential danger to avoid the costs of mitigation?

But on the other hand, we've got a group of people who found an unexpectedly large amount of sulphur in and around the steel at the site and didn't immediately conclude "OMG teh Thermate!!!!!eleventy!"

This is, for the record, exactly and precisely what pisses me off most about those terrorist supporters. The noise their dreck makes drowns out actual important questions.

 
At 09 October, 2006 15:50, Blogger Triterope said...

It's interesting and problematic for the Twufers, if they were to actually read the stuff.

Really. They're so uninquisitive that they fail to recognize things that might actually help their case. Eutectic reaction is a real process, and if NIST or any of the other studies overlooked it, it would be a semi-valid criticism of those reports.

But the posters on the thread you referenced would rather stick their fingers in their ears and say DURR NWO SHILLS. When five seconds of Googling would have confirmed what WPI is, as well as references to eutectic reaction that predate 9-11.

But I think they've stopped doing actual research, probably because deep down inside they know that any such effort isn't going to end well for their side.

It's also kinda funny that they failed to identify one of the top tech schools in the country. Clearly, none of them was ever a candidate for acceptance.

Are many steel-designed structures weaker than their designs indicate because of the possibility of eutectic reaction occurring during fire supression or otherwise during a fire?

Good question. Though I must admit, my first reaction at reading the Worcester Tech article on this subject was "wow, that seems kinda obscure."

I think the WTC was a unique set of circumstances, both in the building design and in the conditions present during its destruction. We can study and draw conclusions about why the WTC failed, but I wonder how applicable they are to standard buildings and standard disasters. But I have no knowledge in this area, so maybe I'm way off base here.

This is, for the record, exactly and precisely what pisses me off most about those terrorist supporters. The noise their dreck makes drowns out actual important questions.

Exactly. The "Truth" idiots have so thoroughly poisoned the well for 9/11 inquiry that it will be decades before some of these questions can be credibly asked.

 

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