Point our any unanswered questions and I'll happily answer them tim.
Yeah. UAL and AA would be 2 of them.
The debunking efforts of these facts are quite pathetic. The justification for the number of put options on AA for example is that their share price had been dropping steadily because of industry wide negative factors and they therefore respresented a good proposition. Fair enough. Maybe double or even triple the amount of options could have been reasonably expected. On September 10 there were 60 times more put options that the average since their inception. This isn't addressed by the SEC or 9/11 commission and further:
An October 19 article in the San Francisco Chronicle reported that the SEC, after a period of silence, had undertaken the unprecedented action of deputizing hundreds of private officials in its investigation:
The proposed system, which would go into effect immediately, effectively deputizes hundreds, if not thousands, of key players in the private sector.
...
In a two-page statement issued to "all securities-related entities" nationwide, the SEC asked companies to designate senior personnel who appreciate "the sensitive nature" of the case and can be relied upon to "exercise appropriate discretion" as "point" people linking government investigators and the industry. 17
Michael Ruppert, a former LAPD officer, explains the consequences of this action:
What happens when you deputize someone in a national security or criminal investigation is that you make it illegal for them to disclose publicly what they know. Smart move. In effect, they become government agents and are controlled by government regulations rather than their own conscience. In fact, they can be thrown in jail without a hearing if they talk publicly. I have seen this implied threat time and again with federal investigations, intelligence agents, and even members of the United States Congress who are bound so tightly by secrecy oaths and agreements that they are not even able to disclose criminal activities inside the government for fear of incarceration. 18
these facts are also note explained by the 9/11 commission report.
Perhaps treasury notes were a better option along the line of index futures:
The Wall Street Journal reported on October 2 that the ongoing investigation by the SEC into suspicious stock trades had been joined by a Secret Service probe into an unusually high volume of five-year US Treasury note purchases prior to the attacks. The Treasury note transactions included a single $5 billion trade.
As the Journal explained: “Five-year Treasury notes are among the best investments in the event of a world crisis, especially one that hits the US. The notes are prized for their safety and their backing by the US government, and usually rally when investors flee riskier investments, such as stocks.” The value of these notes, the Journal pointed out, has risen sharply since the events of September 11.
http://www.wsws.org/en/articles/2001/10/bond-o05.html
