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<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=julie@pinefish.com href="mailto:julie@pinefish.com">Julie Hotard</A>
</DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
title=OSLIST@LISTSERV.BOISESTATE.EDU
href="mailto:OSLIST@LISTSERV.BOISESTATE.EDU">OSLIST@LISTSERV.BOISESTATE.EDU</A>
</DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, October 15, 2001 10:12
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Article-- says the gov't knew
9/11 wd happen</DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial size=2>A stock broker I know sent me this.
Comments?<BR><BR>Julie<BR><BR>> >Peter Phillips wrote: SUPPRESSED
DETAILS OF CRIMINAL INSIDER TRADING<BR>> >LEAD DIRECTLY INTO THE CIA's
HIGHEST RANKS CIA EXECUTIVE DIRECTOR<BR>> >"BUZZY" KRONGARD MANAGED FIRM
THAT HANDLED "PUT" OPTIONS ON UAL<BR>> ><BR>> >by Michael C.
Ruppert [c COPYRIGHT, 2001, Michael C. Ruppert and FTW<BR>>
>Publications, <<A
href="http://www.copvcia.com/">http://www.copvcia.com/</A>> <A
href="http://www.copvcia.com/">http://www.copvcia.com/</A> All
Rights Reserved. - May be<BR>> >reprinted or distributed for
non-profit purposes only.]<BR>> ><BR>> >FTW, October 9, 2001 -
Although uniformly ignored by the mainstream<BR>> >U.S. media,
there is abundant and clear evidence that a number of<BR>> >transactions
in financial markets indicated specific (criminal)<BR>> >foreknowledge
of the September 11 attacks on the World Trade Center and the
Pentagon.<BR>> ><BR>> >In the case of at least one of these
trades -- which has left a $2.5<BR>> >million prize unclaimed -- the
firm used to place the "put options"<BR>> >on United Airlines
stock was, until 1998, managed by the man who is now in the number
three Executive Director position at the Central Intelligence
Agency.<BR>> ><BR>> >Until 1997 A.B. "Buzzy" Krongard had been
Chairman of the investment<BR>> >bank A.B. Brown. A.B. Brown was
acquired by Banker's Trust in 1997.<BR>> >Krongard then became, as
part of the merger, Vice Chairman of<BR>> >Banker's Trust-AB Brown, one
of 20 major U.S. banks named by Senator<BR>> >Carl Levin this year
as being connected to money laundering.<BR>> >Krongard's last position
at Banker's Trust (BT) was to oversee<BR>> >"private client
relations."<BR>> ><BR>> >In this capacity he had direct hands-on
relations with some of the<BR>> >wealthiest people in the world in
a kind of specialized banking<BR>> >operation that has been identified
by the U.S. Senate and other<BR>> >investigators as being closely
connected to the laundering of drug<BR>> >money. Krongard (re?) joined
the CIA in 1998 as counsel to CIA<BR>> >Director George Tenet. He
was promoted to CIA Executive Director by President Bush in March of this
year.<BR>> ><BR>> >BT was acquired by Deutsche Bank in 1999. The
combined firm is the single largest bank in Europe. And, as
we shall see, Deutsche Bank played several key roles in events connected
to the September 11 attacks.<BR>> ><BR>> >THE SCOPE OF KNOWN
INSIDER TRADING<BR>> ><BR>> >Before looking further into these
relationships it is necessary to<BR>> >look at the insider trading
information that is being ignored by<BR>> >Reuters, The New York
Times and other mass media.<BR>> ><BR>> >It is well documented
that the CIA has long monitored such trades -<BR>> >in real time - as
potential warnings of terrorist attacks and other<BR>> >economic moves
contrary to U.S. interests. Previous stories in FTW<BR>> >have
specifically highlighted the use of Promis software to monitor such
trades.<BR>> ><BR>> >It is necessary to understand only two key
financial terms to<BR>> >understand the significance of these trades,
"selling short" and "put options". "Selling Short" is the borrowing of
stock, selling it at<BR>> >current market prices, but not being
required to actually produce<BR>> >the stock for some time.<BR>>
><BR>> >If the stock falls precipitously after the short contract is
entered,<BR>> >the seller can then fulfill the contract by buying
the stock after<BR>> >the price has fallen and complete the
contract at the pre-crash<BR>> >price. These contracts often have
a window of as long as four<BR>> >months.<BR>> ><BR>> >"Put
Options," are contracts giving the buyer the option to sell<BR>> >stocks
at a later date. Purchased at nominal prices of, for example, $1.00 per
share, they are sold in blocks of 100 shares. If exercised, they give the
holder the option of selling selected stocks at a future date at a
price set when the contract is issued.<BR>> ><BR>> >Thus, for an
investment of $10,000 it might be possible to tie up<BR>> >10,000 shares
of United or American Airlines at $100 per share, and<BR>> >the
seller of the option is then obligated to buy them if the option<BR>>
>is executed. If the stock has fallen to $50 when the contract<BR>>
>matures, the holder of the option can purchase the shares for $50
and immediately sell them for $100 - regardless of where the market
then stands.<BR>> ><BR>> >A call option is the reverse of a
put option, which is,in effect, a<BR>> >derivatives bet that the stock
price will go up.<BR>> ><BR>> >A September 21 story by the Israeli
Herzliyya International Policy<BR>> >Institute for Counterterrorism,
entitled "Black Tuesday: The World's Largest Insider Trading Scam?"
documented the following trades connected to the September 11
attacks:<BR>> ><BR>> >Between September 6 and 7, the Chicago Board
Options Exchange saw<BR>> >purchases of 4,744 put options on United
Airlines, but only 396 call<BR>> >options - - Assuming that
4,000 of the options were bought by<BR>> >people with advance knowledge
of the imminent attacks, these<BR>> >"insiders" would have profited by
almost $5 million.<BR>> ><BR>> >On September 10, 4,516 put options
on American Airlines were bought<BR>> >on the Chicago exchange, compared
to only 748 calls. Again, there was<BR>> >no news at that point to
justify this imbalance - - Again, assuming<BR>> >that 4,000 of these
options trades represent "insiders," they would<BR>> >represent a gain
of about $4 million.<BR>> ><BR>> >[The levels of put options
purchased above were more than six times higher than normal.]<BR>>
><BR>> >No similar trading in other airlines occurred on the Chicago
exchange in the days immediately preceding Black Tuesday.<BR>>
><BR>> >Morgan Stanley Dean Witter & Co., which occupied 22
floors of the<BR>> >World Trade Center,saw 2,157 of its October $45 put
options bought in<BR>> >the three trading days before Black Tuesday;
this compares to an<BR>> >average of 27 contracts per day before
September 6. Morgan Stanley's<BR>> >share price fell from $48.90 to
$42.50 in the aftermath of the<BR>> >attacks. Assuming that 2,000 of
these options contracts were bought based upon knowledge of the
approaching attacks, their purchasers could have profited by at least
$1.2 million.<BR>> ><BR>> >Merrill Lynch & Co., which occupied
22 floors of the World Trade<BR>> >Center, saw 12,215 October $45 put
options bought in the four<BR>> >trading days before the attacks;
the previous average volume in those<BR>> >shares had been 252 contracts
per day [a 1200% increase!].<BR>> ><BR>> >When trading resumed,
Merrill's shares fell from $46.88 to $41.50;<BR>> >assuming that 11,000
option contracts were bought by "insiders,"<BR>> >their profit would
have been about $5.5 million.<BR>> ><BR>> >European regulators are
examining trades in Germany's Munich Re,<BR>> >Switzerland's Swiss Re,
and AXA of France, all major reinsurers with<BR>> >exposure to the Black
Tuesday disaster. [FTW Note: AXA also owns<BR>> >more than 25% of
American Airlines stock making the attacks a "double<BR>> >whammy" for
them.]<BR>> ><BR>> >On September 29, 2001 - in a vital story that
has gone unnoticed by<BR>> >the major media - the San Francisco
Chronicle reported, "Investors<BR>> >have yet to collect more than $2.5
million in profits they made<BR>> >trading options in the stock of
United Airlines before the Sept. 11,<BR>> >terrorist attacks, according
to a source familiar with the trades and<BR>> >market data.<BR>>
><BR>> >"The uncollected money raises suspicions that the investors -
whose<BR>> >identities and nationalities have not been made public - had
advance<BR>> >knowledge of the strikes."<BR>> ><BR>> >They
don't dare show up now.<BR>> ><BR>> >The suspension of trading for
four days after the attacks made it<BR>> >impossible to cash-out quickly
and claim the prize before<BR>> >investigators started looking.<BR>>
><BR>> >"October series options for UAL Corp. were purchased in
highly<BR>> >unusual volumes three trading days before the terrorist
attacks for a<BR>> >total outlay of $2,070; investors bought the option
contracts, each<BR>> >representing 100 shares, for 90 cents each. [This
represents 230,000<BR>> >shares]. Those options are now selling at
more than $12 each. There<BR>> >are still 2,313 so-called "put"
optionsoutstanding [valued at $2.77<BR>> >million and representing
231,300 shares] according to the Options<BR>> >Clearinghouse
Corp."<BR>> ><BR>> >"The source familiar with the United trades
identified Deutsche Bank<BR>> >Alex. Brown, the American investment
banking arm of German giant<BR>> >Deutsche Bank, as the investment bank
used to purchase at least some<BR>> >of these options." This was the
operation managed by Krongard until<BR>> >as recently as 1998.<BR>>
><BR>> >As reported in other news stories, Deutsche Bank was also the
hub of<BR>> >insider trading activity connected to Munich just before
the attacks.<BR>> ><BR>> >CIA, THE BANKS AND THE BROKERS<BR>>
><BR>> >Understanding the interrelationships between CIA and the
banking and<BR>> >brokerage world is critical to grasping the already
frightening<BR>> >implications of the above revelations.<BR>>
><BR>> >Let's look at the history of CIA, Wall Street and
the<BR>> >big banks by looking at some of the key players in CIA's
history.<BR>> ><BR>> >Clark Clifford - The National Security
Act of 1947 was written by<BR>> >Clark Clifford, a Democratic
Party powerhouse, former Secretary<BR>> >of Defense, and one-time
advisor to President Harry Truman. In the<BR>> >1980s, as Chairman of
First American Bancshares, Clifford was<BR>> >instrumental in getting
the corrupt CIA drug bank BCCI a license to<BR>> >operate on American
shores. His profession: Wall Street lawyer and<BR>> >banker.<BR>>
><BR>> >John Foster and Allen Dulles - These two brothers
"designed" the CIA<BR>> >for Clifford. Both were active in intelligence
operations during WW<BR>> >II. Allen Dulles was the U.S. Ambassador to
Switzerland where he met<BR>> >frequently with Nazi leaders and looked
after U.S. investments in<BR>> >Germany. John Foster went on to become
Secretary of State under<BR>> >Dwight Eisenhower and Allen went on to
serve as CIA Director under<BR>> >Eisenhower and was later fired by JFK.
Their professions: partners in<BR>> >the most powerful - to this day -
Wall Street law firm of Sullivan,<BR>> >Cromwell.<BR>> ><BR>>
>Bill Casey - Ronald Reagan's CIA Director and OSS veteran
who<BR>> >served as chief wrangler during the Iran-Contra years was,
under<BR>> >President Richard Nixon, Chairman of the Securities
and Exchange<BR>> >Commission. His profession: Wall Street lawyer and
stockbroker.<BR>> ><BR>> >David Doherty - The current Vice
President of the New York Stock<BR>> >Exchange for enforcement is the
retired General Counsel of the<BR>> >Central Intelligence
Agency.<BR>> ><BR>> >George Herbert Walker Bush - President from
1989 to January 1993,<BR>> >also served as CIA Director for 13 months
from 1976-7. He is now a<BR>> >paid consultant to the Carlyle Group, the
11th largest defense<BR>> >contractor in the nation, which also shares
joint investments with<BR>> >the bin Laden family.<BR>> ><BR>>
>A.B. "Buzzy" Krongard - The current Executive Director of the
Central<BR>> >Intelligence Agency is the former Chairman of the
investment bank<BR>> >A.B. Brown and former Vice Chairman of Banker's
Trust.<BR>> ><BR>> >John Deutch - This retired CIA Director from
the Clinton<BR>> >Administration currently sits on the board at
Citigroup, the<BR>> >nation's second largest bank, which has been
repeatedly and overtly<BR>> >involved in the documented laundering of
drug money. This includes<BR>> >Citigroup's 2001 purchase of a Mexican
bank known to launder drug<BR>> >money, Banamex.<BR>> ><BR>>
>Nora Slatkin - This retired CIA Executive Director also sits
on<BR>> >Citibank's board. Maurice "Hank" Greenburg - The CEO of
AIG<BR>> >insurance, manager of the third largest capital investment
pool in<BR>> >the world, was floated as a possible CIA Director in 1995.
FTW<BR>> >exposed Greenberg's and AIG's long connection to CIA
drug<BR>> >trafficking and covert operations in a two-part series that
was<BR>> >interrupted just prior to the attacks of September 11.
AIG's stock<BR>> >has bounced back remarkably well since the attacks. To
read that<BR>> >story, please go to<BR>> ><BR>> >
<<A
href="http://www.copvcia.com/stories/part_2.html">http://www.copvcia.com/stories/part_2.html</A>><BR>>
><A
href="http://www.copvcia.com/stories/part_2.html">http://www.copvcia.com/stories/part_2.html</A><BR>>
><BR>> >One wonders how much damning evidence is necessary to
respond to<BR>> >what is now irrefutable proof that CIA knew about the
attacks and<BR>> >did not stop them. Whatever our government is
doing, whatever the<BR>> >CIA is doing, it is clearly NOT in the
interests of the American<BR>> >people, especially those who died on
September 11.<BR>> ><BR>>
>
end<BR>> ><BR>> > Peter Phillips Ph.D.<BR>>
> Sociology Department/Project Censored<BR>>
> Sonoma State University<BR>> > 1801 East
Cotati Ave.<BR>> > Rohnert Park, CA 94928<BR>>
> 707-664-2588<BR></FONT></DIV></BLOCKQUOTE></BODY></HTML>