Anatomy of (a minor part of) the 9/11 coverup: Detail in point: Greed is hard to disguise.
The National Commission on Terrorist Attacks Upon the United States (aka the "9/11 Commission") investigated rumors of stock profiteering and found that although some unusual trading activity did occur in the days prior to September 11, it was all "coincidentally innocuous" and not the result of insider trading by "parties with foreknowledge of the 9/11 attacks" ... What they failed to say is that they only investigated links to "Arabs with possible foreknowledge," and found nothing but did not look at foreknowledge by "good ole boys(friends of W)" nor CIA officials - and one official in particular.
OK to most folks, including Fox network and all conservatives on the religious right - that statement of "innocuous trading" and that alone - even if coming from officials investigating themselves <g> was enough to quell concerns. Case closed.
True, no sane individual can doubt that highly unusual pre-9/11 trading activity occurred in companies whose stock plummeted after the attacks. The SEC labeled this as *unprecedented* trading. For example, the volume of put options — instruments that pay off only when a stock drops in price — surged in the parent companies of United Airlines on September 6 and American Airlines on September 10 — and was hundreds to thousands of times higher than it should have been, statistically.
Yet, "further investigation has revealed that the trading had no connection with 9/11." Hey, our government says everything is OK so that's that, right?
And yes, each such trade "proved to have an innocuous explanation," in that there was no Arab link... but guess what - there was definitely foreknowledge by someone who the commission would not reveal by name, however, and it took threats of a freedom of information lawsuit to pry out the exact names and even then only later in time, after no one in the media was very interested.
The "single U.S.-based institutional investor with no conceivable ties to al Qaeda which purchased 95 percent of the UAL puts on September 6 as part of a trading strategy that also included buying 115,000 shares of American on September 10" was NOT in fact US based.
That was the first lie. And in fact this institutional investor was a company called Alex Brown, which is the investment arm of the German banking giant Deutschebank/A.B. Brown. This firm was one of 20 major U.S. banks named by Senator Carl Levin as being connected to money laundering.
Surprise, surprise. Alex Brown had been headed-up for years before 9/11 by the man who became the Executive Director of the Central Intelligence Agency shortly before the tragedy: "Buzzy" Krongard. If this sounds like the Cheney/Halliburton connection, then go to the head of the class. Krongard's position at Alex Brown included overseeing "private client relations" (billionaires only). In this capacity he had direct hands-on relations with some of the wealthiest people in the world in a kind of specialized banking operation that has been identified by the U.S. Senate and other investigators as being closely connected to the laundering of drug and arms-running money. Yet he went directly to the top of CIA - no questions asked.
AB “Buzzy” Krongard, after the smoke had cleared, later resigned from CIA after the arrival of Peter Goss in December 2004 (presumably a very wealthy man) and moved on to a large law firm. But ... he is the man responsible for providing the insider-information (according to conspiracy theorists) on which the unusual option trades at Alex Brown were based: the ones which never got investigated because they were "innocuous." This is according to sources other than the 9/11 commission, of course, which actively hindered this information coming out to the general public.
The Director of CIA 6 months prior to 9/11 was George J. Tenet. He announced the appointment of Krongard on March 16, 2001 to serve as Executive Director. The Executive Director is the third ranking position within the CIA, and functions essentially as the Chief Operating Officer of the Agency. IOW it was Krongard, not Tenet who was in position to know all the details of the plot which Mossad claims they gave to the CIA in advance of the tragedy.
Wonder why network television has not run this particular story on the the national news? or why Krongard's overseas banking records have never come to light to clear his name - if he is guiltless ?
