Terrorist Attacking Wall Street

Terrorist Attacking Wall Street

BY MICHAEL WEBSTER: INVESTIGATIVE REPORTER Sept 18, 2008 1201 PM PDT

U.S. government law enforcement agencies including the SEC, FBI and DOJ are on alert and are believed investigating terror and other related short selling illegal manipulation of the market place.

It was reported that between August 26 and September 11, 2001, groups of speculators, including Middle Eastern country investors, some reported connected to terrorist such as Al Qaeda and the Ben Laden family, these groups were believed connected to predicting the demise of certain airline and buildings including the New York Trade Center. Still others were identified by the American Securities and Exchange Commission as Israeli citizens, who sold "short" a list of 38 stocks that could reasonably be expected to fall in value as a result of the pending 911 attacks. According to the reports these speculators operated out of the Toronto, Canada and Frankfurt, Germany, stock exchanges and their profits were specifically stated to be huge. Apparently none of the suspicious transactions could be traced to bin Laden because this news item quietly dropped from sight, leaving many people wondering if it tracked back to American firms or intelligence agencies.

The feds have seen a possible similar trends operating on Wall Street recently and no end to the panic selling on Wall Street. US corporate regulator, the SEC, is seeking to ease the terror by implementing emergency rules relating to short selling.

This possible action will be stronger than the recent use of the emergency powers that the SEC invoked in July to slap a temporary ban on "naked" shorting of 19 companies, including the mortgage insurers Fannie Mae and Freddie Mac, and a number of major investment banks and commercial banks. The new aim will be to stop "unlawful manipulation" of American companies and their stock and to hopefully help to maintain orderly markets. Just how much damage has been done is not known but is believe catustrafic.

Short selling of stocks involves the opportunity to gain large profits by passing shares to a friendly third party, then buying them back when the price falls. Historically, if this precedes a traumatic event, it is an indication of foreknowledge. It is widely known that the CIA uses the Promis and other cutting edge software to routinely monitor stock trades as a possible warning sign of a terrorist attack or suspicious economic behavior. A week after the September 11, 2001 attacks, the London Times reported that the CIA had asked regulators for the Financial Services Authority in London to investigate the suspicious sales of millions of shares of stock just prior to the terrorist acts. It was hoped the business paper trail might lead to the terrorists.

The US Government as a result of the recent falling market has now nationalized Fannie Mae and Freddie Mac, by investing American tax payer’s money to hopefully bail them out. US Government has also nationalized the world's largest insurer, American International Group, (AIG) which was not on the SEC's list. That so far has cost the American tax payer an additional 80 million for an 80% ownership of the shares. This nationalization of Massive American institutions is a socialization of America. The government claims by placing them in what it dubs as "conservatorship" will give the American people the opportunity to make money should the government be able to turn it around. However even should they make money on the deal it is hard to see how the American people could benefit from it, according to Wall Street insiders? All this while two of the major investment banks on the SEC list have now disappeared -- Lehman Bros and Merrill Lynch.

Naked" short selling practice is technically not illegal, but dealer-brokers are required to have "reasonable grounds" to believe the securities can be borrowed to enable settlement.

The SEC has long held the power to make emergency orders, but it is only now that they are invoking orders that will be unprecedented. Such orders may become permiant.

The SEC has also adopted a rule that makes it fraudulent, and a violation of the law, if short sellers deceive broker-dealers or any other participants as to their ability to delivery securities within time for settlement.

The new rules apply until October 1 unless further extended. Their introduction follows strong lobbying by the American Bankers Association to clamp down on short selling amid concerns that the price of their stock was being manipulated.

"We are concerned about the possible unnecessary or artificial price movements based on unfounded rumors regarding the stability of financial institutions and other issuers, exacerbated by naked short selling. Our concerns, however, are no longer limited to just financial institutions," the SEC said.

"In addition, we have become concerned that some persons may take advantage of issuers that have become temporarily weakened by current market conditions to engage in inappropriate short selling in the securities of such issues," it added.

In regard to the few remaining Wall Street financial institutions lift, like Mogen Stanley, Goldman sacks may have fallen victim to such practices. The feds are worried and have become concerned about "sudden and unexplained" declines in the prices of securities, which could create questions about the underlying financial condition of an issuer, which in turn could create a crisis of confidence without a fundamental underlying basis. This crisis of confidence could impair the liquidity and viability of an issuer "with potentially broad market consequences".

Washington Mutual and other deposit banks are in jeopardy. Other sectors still American car makers and other and related industries are all venerable to short selling techniques and the SEC is committed to stop this dangerous type of maneuvering.

The real controversy over naked short selling, however, concerns price manipulation. Here the fear is that a maverick trader could spread false rumors about a company while massively shorting its stock. Such aggressive actions would allegedly push the price down, allowing the trader to reap a guaranteed profit from his self-fulfilling prophecy.

The matter of 911 is still 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 September 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.

Given all of this, at a minimum the 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 trouble that was about to strike Wall Street or may have even contributed and used that knowledge to reap a nice financial harvest from the instability of the market place.

Federal investigators are continuing to be so 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 world stock markets.

There was unusually heavy trading in airline and insurance stocks several days before September 11, 2001, which essentially bet on a drop in the worth of the stocks. The same is suspected being done on some recent failures and weakness like Lehman Brothers Holdings, Inc., Morgan Stanley and others.

In reference to 911 just a month after the attacks the SEC sent out a list of stocks to various securities firms around the world looking for information. Many of the same firms who failed this go round were also on that list. At that time the list included stocks of American, United, Continental, Northwest, Southwest and U.S. Airways airlines, as well as Martin, Boeing, Lockheed Martin Corp., AIG, American Express Corp, American International Group, AMR Corporation, Axe SA, Bank of America Corp, Bank of New York Corp, Bank One Corp, Cigna Group, CNA Financial, Carnival Corp, Chubb Group, John Han*** Financial Services, Hercules Inc, L-3 Communications Holdings, Inc., LTV Corporation, Marsh & McLennan Cos. Inc., MetLife, Progressive Corp., General Motors, Raytheon, W.R. Grace, Royal Caribbean Cruises, Ltd., Lone Star Technologies, American Express, the Citigroup Inc. ,Royal & Sun Alliance, Lehman Brothers Holdings, Inc., Tornado Reality Trust, Morgan Stanley, Dean Witter & Co., XL Capital Ltd., and Bear Stearns.

Who's Barney Frank? Just like looking for Waldo in the months leading up to this, but his lobby filled bank accounts continued to grow. And did not Obama and crowd veto a reform measure in 2005 (authored by McCain) that would have placed immediate relief and oversight to the two finical giants Fannie Mae and Freddie Mac, who just happened also to fill the coffers of Obama in his real estate deals with the Chicago slum lord? Now it is conservatism that gets blamed for the political corruption? Real facts are not hard or difficult to see, if you stop looking at the forest and concentrate on the trees.

Ah, but the facts don't matter when you have people who have the media in their back pocket. A media that will ignore the truth in order to propel their own agenda which is actually not the same agenda of the mainstream of American people.

__________________
Rod is the Coolest Most Politically Incorrect Conservative Black Man on the Planet
www.thelibertycafe.blogspot.com

You guys are so blinded by your narrow politics, you can't even see what you Republican leaders are FINALLY admitting.

The Wall Street J____s are Terrorists and destroying America to fill their pockets with loot.

The Pot calling the Kettle black.

__________________
There are those, I know, who will say that the liberation of humanity, the freedom of man and mind, is nothing but a dream. They are right. It is the American dream.
~Archibald MacLeish

Truth is anything but political, you should investigate sometime. COUNTRY FIRST!!!!! And its about damn time.

I agree REPUBLICANS NEO CONS ARE SCREWING OUR COUNTRY FIRST.

The 3 latest spies were all working for Israel:

2008 - US Army Engineer:
Ben-ami Kadish - Wikipedia, the free encyclopedia

2006 - Worked in Rumsfelds/Douglas Feith's Office of Special Plans:
Larry Franklin - Wikipedia, the free encyclopedia

Denied he was spy till 1998, when Israel gave him citizenship:
Jonathan Pollard - Wikipedia, the free encyclopedia


Brit Hume on Israeli Spies:

Video: Israel Is Spying In And On The U.S.? Part 1

The American Conservative -- The Spy Who Loves Us

No one can make a whole if they are constantly DIVIDING THE PROBLEM by HALF. Much like taxing, you guys just want to tax half the content of the liquid under the pretense that there will be no vacum created on the whole as the liquid self levels. There is nothing trickle down about such, its instant. Simply because corporations do not pay taxes, THEY COLLECT TAXES from the sale of goods and services and mark up the retail cost of the product to offset any earned corportate income tax and if that does not cover it they balance the books by simply reinvesting into their corporation and claim it as R&D. . A Double whammy. Just who ends up paying for that supposed half of the water bucket of taxes? The entire content of the bucket, WE THE PEOPLE. Its all an illusion. As the economy slows down, it stagnates the movement of goods and services and thus the employment opportunity in the private sector. Thus, unless the government is willing to place the entire nation on the payroll and just go around in circles we dip into what is called a recession of our making. Have you never noticed that the only time liberalism gains power is when they project a robost economy as a recession as they must deal in pessimism and rejoice if there is even a hint of economic trouble and sometimes even create the problem in the first instance as a magician doing a slight of hand palor trick of illusion, and the media is all to ready to add in the special effects. Right, country first, POWER FIRST. The problem with a real social democrary, the ease of corruption with the appearance of good for the whole. The tried and true system of you get what you earn, is much simpler and fairer, as socialism deals in class warfare to justify income redistribution. And some wonder why there is such a political divide in this nation. A good rant never hurt anyone.