Real Mysteries of 9/11
From: Descending Into Darkness: The Making of a Wartime President
by Brian Harring
Between August 26 to September 11, 2001, a group of speculators, identified
by the American Securities and Exchange Commission as Israeli citizens, sold
“short” a list of 38 stocks that could reasonably be expected to fall in
value as a result of the pending attacks. These speculators operated out of
the Toronto, Canada and Frankfurt, Germany, stock exchanges and their
profits were specifically stated to be “in the millions of dollars.”
Investigators from numerous government agencies are part of a clandestine
but official effort to resolve the market manipulations There has been a
great deal of talk about insider trading of American stocks by certain
Israeli groups both in Canada and Germany between August 26 and the Sept.11
attacks on the World Trade Center and the Pentagon.
Government investigators remain tight-lipped about a Department of Justice
(DOJ) probe of possible profiteering by terrorists with advance knowledge of
On Sept. 6, 2001, the Thursday before the tragedy, 2,075 put options were
made on United Airlines and on Sept. 10, the day before the attacks, 2,282
put options were recorded for American Airlines. Given the prices at the
time, this could have yielded speculators between $2 million and $4 million
The matter still is under investigation and none of the government
investigating bodies -including the FBI, the Securities and Exchange
Commission (SEC) and DOJ -are speaking to reporters about insider trading.
Even so, suspicion of insider trading to profit from the Sept. 11 attacks is
not limited to U.S. regulators. Investigations were initiated in a number of
places including Japan, Germany, the United Kingdom, France, Luxembourg,
Hong Kong, Switzerland and Spain. As in the United States, all are treating
these inquiries as if they were state secrets.
Lynne Howard, a spokeswoman for the Chicago Board Options Exchange (CBOE),
stated that information about who made the trades was available immediately.
"We would have been aware of any unusual activity right away. It would have
been triggered by any unusual volume. There is an automated system called
'blue sheeting,' or the CBOE Market Surveillance System, that everyone in
the business knows about. It provides information on the trades - the name
and even the Social Security number on an account - and these surveillance
systems are set up specifically to look into insider trading. The system
would look at the volume, and then a real person would take over and review
it, going back in time and looking at other unusual activity."
Howard continued, "The system is so smart that even if there is a news event
that triggers a market event it can go back in time, and even the parameters
can be changed depending on what is being looked at. It's a very clever
system and it is instantaneous. Even with the system, though, we have very
experienced and savvy staff in our market-regulations area who are always
looking for things that might be unusual. They're trained to put the pieces
of the puzzle together. Even if it's offshore, it might take a little
longer, but all offshore accounts have to go through U.S. member firms -
members of the CBOE - and it is easily and quickly identifiable who made the
trades. The member firm who made the trades has to have identifiable
information about the client under the 'Know Your Customer' regulations (and
we share all information with the Securities and Exchange Commission.)"
Given all of this, at a minimum the CBOE and government regulators who are
conducting the secret investigations have known for some time who made the
options puts on a total of 38 stocks that might reasonably be anticipated to
have a sharp drop in value because of an attack similar to the 9/11 episode.
The silence from the investigating camps could mean several things: Either
terrorists are responsible for the puts on the listed stocks or others
besides terrorists had foreknowledge of the attack and used this knowledge
to reap a nice financial harvest from the tragedy.
Adam Hamilton of Zeal LLC, a North Dakota-based private consulting company
that publishes research on markets worldwide, stated that "I heard that $22
million in profits was made on these put options..."
Federal investigators are continuing to be closed-mouthed about these stock
trades, and it is clear that a much wider net has been cast, apparently
looking for bigger international fish involved in dubious financial activity
relating to the 9/11 attacks on the world stock markets.
Just a month after the attacks the SEC sent out a list of 38 stocks to
various securities firms around the world looking for information. The list
includes stocks of American, United, Continental, Northwest, Southwest and
US Airways airlines, as well as Boeing, Lockheed
Martin, the American International Group, AIG, Cigna, CAN Financial, John
Hancock, MetLife, General Motors, Raytheon, W.R. Grace, Lone Star
Technologies, American Express, the Bank of New York, Bank One, Citigroup,
Lehman Brothers, Bank of America, Morgan Stanley and Bear Stearns..ial
working group that has been compiling evidence on Israeli espionage since
the mid '90s. These documents detail hundreds of incidents in cities and
towns across the country that investigators say, "may well be an
organized intelligence gathering activity."
September 6-7, 2001 -- 4,744 put options (a speculation that the
stock will go down) are purchased on United Air Lines stock as opposed to
only 396 call options (speculation that the stock will go up). This is a
dramatic and abnormal increase in sales of put options. Many of the UAL puts
are purchased through Deutschebank/AB Brown, a firm managed until
1998 by the current Executive Director of the CIA, A.B. "Buzzy" Krongard.
[Source: The New York Times; The Wall Street Journal.]
September 10, 2001 -- 4,516 put options are purchased on American
Airlines as compared to 748 call options. [Source: above]
September 6-11, 2001 -- No other airlines show any similar trading
patterns to those experienced by UAL and American. The put option purchases
on both airlines were 600% above normal. This at a time when Reuters
(September 10) issues a business report stating, "Airline stocks may be
poised to take off."
September 6-10, 2001 -- Highly abnormal levels of put options are
purchased in Merrill Lynch, Morgan Stanley, AXA Re(insurance) which owns 25%
of American Airlines, and Munich Re. All of these companies are directly
impacted by the September 11 attacks.
It has been documented that the CIA, the Israeli Mossad and many other
intelligence agencies monitor stock trading in real time using highly
advanced programs reported to be descended from Promis software. This is to
alert national intelligence services of just such kinds of attacks. Promis
was reported, as recently as June, 2001 to be in Osama bin Laden's
possession and, as a result of recent stories by FOX, both the FBI and the
Justice Department have confirmed its use for U.S. intelligence gathering
through at least this summer. This would confirm that CIA had additional
advance warning of imminent attacks. [Sources: The Washington Times,
June 15, 2001; Fox News, October 16, 2001
The President’s Actions on September 11
One of the most important aspects of the 9/11 attack is the behavior of the
President and top members of his Administration before, during and after the
Although the attack has received intense media scrutiny in nearly all of its
aspects, very little has even been mentioned about the President’s strange
actions on that day, that have been viewed by many as suspicious in the
extreme. Yet the silence of the American media on the subject has given rise
to even more negative speculations.
Just prior to the attack, on July 26, 2001, Attorney General John
Ashcroft suddenly stopped flying on civilian airlines, citing unspecified
“terrorist threats.” Ashcroft later absolutely refused to answer any media
questions about his sources for this specific concern on his part.
On September 10, 2001, a group of senior Pentagon officials suddenly
cancelled a trip by commercial aircraft, citing “security reasons.”
On September 11, 2001, President George Bush flew with a significant
number of his senior staff to Sarasota, Florida where he visited Emma E.
Booker Elementary School. In a well-covered media event, Bush attended a
meeting of school children and read portions of a child’s book to them.
A laudatory and paid professional Hollywood-created pre-election television
movie about Bush shows him receiving the news of the 9/11 attack but like
all reportage on this specific subject, it deals with error and not fact.
With strong controversy about exact events of the day swirling about the
President, no one can be exactly certain when he actually learned of the
attacks. CIA Director George Tenet, lunching with a former U.S. Senator,
David Boren, remarked as soon as he learned of the first attack that, “. . .
this has bin Laden’s fingerprints all over it.”
Although Tenet was informed immediately of the attack, Bush’s entourage
still insists the President did not hear about it until at least fifteen
minutes after the first attack occurred, considerably after television
viewers saw the smoke-engulfed building on CNN. Reporters covering the
school event noted the President had received an urgent telephone call from
his security advisor, Condoleezza Rice immediately after he got out of the
Presidential limousine and shortly after the first incident.
None of the accounts concerning this matter, delivered at various times by
members of the President’s White House staff, are in agreement. Bush himself
has offered several versions of the time he first learned of the attack. The
President stated on December 4, 2001 that “I was sitting outside the
classroom waiting to go in, and I saw an airplane hit the tower . . . the TV
was obviously on. And I used to fly myself, and I said, ‘Well, there’s one
terrible pilot.’ I said, ‘it must have been a horrible accident.’ But I was
whisked off there. I didn’t have much time to think about it.”
On January 5, 2002, Bush said: “First of all, when we walked into the
classroom, I had seen this plane fly into the first building. There was a TV
set on. And you know, I thought it was a pilot error, and I was amazed that
anybody could make such a terrible mistake . . .”
Neither of these statements is correct. There was no current
television footage of the hijacked civil airliner seen anywhere in the
United States until an amateur video tape appeared one day later. The
President’s post-event recollections stand in direct contradiction to all
of the national media reportage of the morning of September 11 and it also
contradicts his nationally televised speech of that evening. The President
stated, “Immediately following the first attack, I implemented our
government’s emergency response plans.” What these “emergency plans” might
have been have never been mentioned since, by anyone, and this statement is
thoroughly disproved by Bush’s statements that he believed the crash to be
the result of pilot error.
Bush also claimed he first learned of the attack from his Chief of Staff,
Andrew Card. Bush said Card told him, “Here’s what you’re going to be doing.
You are going to meet so-and-so, such-and such. Then Andy Card said, ‘By the
way, an aircraft flew into the World Trade Center.’”
Presidential Press Secretary Ari Fleischer commented on this publicly and
alleged that Card had informed Bush of the attack “as the President finished
shaking hands in a hallway of school officials.” However, other reporters
claimed that Karl Rove personally gave the news to the President.
What has been clearly established is that the President continued to
interact with the school children, for the benefit of the media, for a
considerable time after the Federal Aviation Administration, the North
American Aerospace Defense Command, the National Military Command Center,
the Pentagon, the remaining personnel in the White House, the Secret Service
and even Canada’s Strategic Command, had all been made aware that three
commercial American aircraft had been hijacked.
In spite of this general knowledge, Bush and his aides and advisors remained
at the school for nearly an hour after initial news of the attack had been
broadcast on CNN. Thirty minutes after the first attack, Bush was recorded
on film as telling the young students, “These are great readers! Very
impressive! Thank you all so much for showing me your reading skills. I bet
they practice too, don’t you? Reading more than they watch TV? Anybody do
that? Read more than you watch TV?” (Hands are raised) “Oh, that’s great!
Very good! Very important to practice! Thanks for having me. I’m very
Although the President and his staff were fully aware that major terrorist
attacks had been launched against important targets on the East Coast, Bush
remained with the school children for some time. It was later put out by his
staff that he did not wish to unduly alarm or upset the children. This story
is specious in the extreme because if the terrorist attacks were as serious
as they appeared, placating children should have been the least worry of the
Commander-in-Chief. Bush did not contact any of the military
units charged with defending prominent targets -- and the fighters that had
been scrambled would have been unable to shoot down any hijacked aircraft
without a specific Presidential order.
Nor were any Presidential orders issued to ground all commercial
aircraft slated to take off. This order came not from Bush or any member of
his staff but from FAA Administrator Ben Sliney.
When Air Force One took off with the President and his entourage safely on
board, it headed west to carry the President away from the apparent
target areas. While the President and his staff, like Vice President Cheney
were safely ensconced in concrete bunkers, the Mayor of New York and his
staff were at the center of the attack area taking charge of the confused
The excuse offered by the Bush staff for the bunkering of the President is
that an unnamed intelligence agency had advised the President that “Arab
terrorists” had the transponder codes for Air Force One, and to fly in the
aircraft would be dangerous in the extreme. This story, like the rest of the
self-serving myths put forth by loyalists that day, was completely false and
later admitted as such.
There is, of course, no specific evidence that the President’s trip to
Sarasota, Florida was designed to remove him from the potential and strongly
suspected dangers in Washington DC; nor do his subsequent inconsistent and
shifting accounts of his actions prove that he and his immediate entourage
were anticipating the terrorist attacks in New York and Washington. However,
a great mass of circumstantial evidence would certainly point very
clearly, and strongly, in that direction.