Kucinich has got more balls than most

[seanx]

.....at first I thought he was a bit weasely.......but he's proving me wrong.....

Kucinich to Investigate 9/11 Insider Trading
"I'm not afraid to ask questions about 9/11"

Aaron Dykes / JonesReport.com | February 20, 2008


Congressman Dennis Kucinich revealed that he is initiating an investigation the insider trading that took place leading up to 9/11, particularly in regards to put options placed on American Airlines and United Airlines stock.

Kucinich said that he had personal questions about the implications insider trading had.

"I've indicated a long-standing interest in gathering information and trying to get to the bottom of exactly what happened with respect to all the stock activity that took place preceding 9/11." Kucinich said.

Kucinich said it was the bizarre record-level put options that caught his attention initially. The odd trades heavily indicate prior knowledge of the September 11 attacks and have raised a number of questions that Kucinich hopes to probe.

"First of all, I'm not afraid to ask questions about 9/11," Kucinich told the Alex Jones Show.

"From my own personal standpoint, I've had long-standing questions about why this volume, why those airlines, why that time, who made the buys, why did they buy them, who told them to make the buys, who was involved? There are questions there that need to be answered as part of an effort to get to the truth," Kucinich said.

He made clear he was not yet pointing the finger. "I don't know what happened. I'm not alleging anything here. But I sure want to find out how it happened."

But Kucinich hopes that inquiries in a committee hearing would clarify the information and answer questions.

"I think we need to talk to the people who were involved in making those transactions in order to try to figure out why they were made, for example, American Airlines and United Airlines stock." Kucinich said.

At least two FBI agents have been previously charged for their smaller roles in the insider trading. The NY Times has reported on the cases, but larger coverage of the issue has been largely ignored by the mainstream media, and no larger probe has been underway until now.

Kucinich has also promised to hold hearings on the health of 9/11 first responders. He has already met with a number of rescue workers to hear their stories and is in the process of bringing forth information to committee.

The Congressman warned, however, that his seat has been hotly contested by 'Cleveland corporate interests' who have sunk millions into defeating Kucinich. He pleaded for help to win his local election, but remained steadfast.

"I can't be bought and I can't be bossed." Kucinich said. "I'm going to keep speaking the truth, I'm going to keep seeking the truth, and as long as people are there to support that, I'll be in Congress."

[seanx]

I'm posting a second article I found relating to this subject(fight the powers that be:.......Messageboard Gestapo):

Where the hell were The Patriot News and Pennlive on this crap? Oh yeah.....licking each others' nuts..............

FTW, October 9, 2001 Although uniformly ignored by the mainstream U.S. media, there is abundant and clear evidence that a number of transactions in financial markets indicated specific (criminal) foreknowledge of the September 11 attacks on the World Trade Center and the Pentagon. In the case of at least one of these trades -- which has left a $2.5 million prize unclaimed -- the firm used to place the put options 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. Until 1997 A.B. Buzzy Krongard had been Chairman of the investment bank A.B. Brown. A.B. Brown was acquired by Bankers Trust in 1997. Krongard then became, as part of the merger, Vice Chairman of Bankers Trust-AB Brown, one of 20 major U.S. banks named by Senator Carl Levin this year as being connected to money laundering. Krongards last position at Bankers Trust (BT) was to oversee private client relations. 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 money.

Krongard (re?) joined the CIA in 1998 as counsel to CIA Director George Tenet. He was promoted to CIA Executive Director by President Bush in March of this year. 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.

THE SCOPE OF KNOWN INSIDER TRADING

Before looking further into these relationships it is necessary to look at the insider trading information that is being ignored by Reuters, The New York Times and other mass media. It is well documented that the CIA has long monitored such trades in real time as potential warnings of terrorist attacks and other economic moves contrary to U.S. interests. Previous stories in FTW have specifically highlighted the use of Promis software to monitor such trades.



It is necessary to understand only two key financial terms to understand the significance of these trades, selling short and put options.

Selling Short is the borrowing of stock, selling it at current market prices, but not being required to actually produce the stock for some time. If the stock falls precipitously after the short contract is entered, the seller can then fulfill the contract by buying the stock after the price has fallen and complete the contract at the pre-crash price. These contracts often have a window of as long as four months.

Put Options, are contracts giving the buyer the option to sell 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. Thus, for an investment of $10,000 it might be possible to tie up 10,000 shares of United or American Airlines at $100 per share, and the seller of the option is then obligated to buy them if the option is executed. If the stock has fallen to $50 when the contract 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. A call option is the reverse of a put option, which is, in effect, a derivatives bet that the stock price will go up.

A September 21 story by the Israeli Herzliyya International Policy Institute for Counterterrorism, entitled Black Tuesday: The Worlds Largest Insider Trading Scam? documented the following trades connected to the September 11 attacks:

- Between September 6 and 7, the Chicago Board Options Exchange saw purchases of 4,744 put options on United Airlines, but only 396 call options Assuming that 4,000 of the options were bought by people with advance knowledge of the imminent attacks, these insiders would have profited by almost $5 million.

- On September 10, 4,516 put options on American Airlines were bought on the Chicago exchange, compared to only 748 calls. Again, there was no news at that point to justify this imbalance; Again, assuming that 4,000 of these options trades represent insiders, they would represent a gain of about $4 million.

- [The levels of put options purchased above were more than six times higher than normal.]

- No similar trading in other airlines occurred on the Chicago exchange in the days immediately preceding Black Tuesday.

- Morgan Stanley Dean Witter & Co., which occupied 22 floors of the World Trade Center, saw 2,157 of its October $45 put options bought in the three trading days before Black Tuesday; this compares to an average of 27 contracts per day before September 6. Morgan Stanley?s share price fell from $48.90 to $42.50 in the aftermath of the 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.

- Merrill Lynch & Co., with headquarters near the Twin Towers, saw 12,215 October $45 put options bought in the four trading days before the attacks; the previous average volume in those shares had been 252 contracts per day . When trading resumed, Merrills shares fell from $46.88 to $41.50; assuming that 11,000 option contracts were bought by insiders, their profit would have been about $5.5 million.

- European regulators are examining trades in Germanys Munich Re, Switzerland?s Swiss Re, and AXA of France, all major reinsurers with exposure to the Black Tuesday disaster. [FTW Note: AXA also owns more than 25% of American Airlines stock making the attacks a double whammy for them.]

On September 29, 2001 in a vital story that has gone unnoticed by the major media the San Francisco Chronicle reported, Investors have yet to collect more than $2.5 million in profits they made trading options in the stock of United Airlines before the Sept. 11, terrorist attacks, according to a source familiar with the trades and market data.

The uncollected money raises suspicions that the investors whose identities and nationalities have not been made public had advance knowledge of the strikes. They dont dare show up now. The suspension of trading for four days after the attacks made it impossible to cash-out quickly and claim the prize before investigators started looking.

October series options for UAL Corp. were purchased in highly unusual volumes three trading days before the terrorist attacks for a total outlay of $2,070; investors bought the option contracts, each representing 100 shares, for 90 cents each. [This represents 230,000 shares]. Those options are now selling at more than $12 each. There are still 2,313 so-called put options outstanding [valued at $2.77 million and representing 231,300 shares] according to the Options Clearinghouse Corp.?

The source familiar with the United trades identified Deutsche Bank Alex. Brown, the American investment banking arm of German giant Deutsche Bank, as the investment bank used to purchase at least some of these options This was the operation managed by Krongard until as recently as 1998.

As reported in other news stories, Deutsche Bank was also the hub of insider trading activity connected to Munich Re. just before the attacks.

CIA, THE BANKS AND THE BROKERS

Understanding the interrelationships between CIA and the banking and brokerage world is critical to grasping the already frightening implications of the above revelations. Let?s look at the history of CIA, Wall Street and the big banks by looking at some of the key players in CIAs history.

Clark Clifford The National Security Act of 1947 was written by Clark Clifford, a Democratic Party powerhouse, former Secretary of Defense, and one-time advisor to President Harry Truman. In the 1980s, as Chairman of First American Bancshares, Clifford was instrumental in getting the corrupt CIA drug bank BCCI a license to operate on American shores. His profession: Wall Street lawyer and banker.

John Foster and Allen Dulles These two brothers ?designed? the CIA for Clifford. Both were active in intelligence operations during WW II. Allen Dulles was the U.S. Ambassador to Switzerland where he met frequently with Nazi leaders and looked after U.S. investments in Germany. John Foster went on to become Secretary of State under Dwight Eisenhower and Allen went on to serve as CIA Director under Eisenhower and was later fired by JFK. Their professions: partners in the most powerful - to this day - Wall Street law firm of Sullivan, Cromwell.

Bill Casey Ronald Reagans CIA Director and OSS veteran who served as chief wrangler during the Iran-Contra years was, under President Richard Nixon, Chairman of the Securities and Exchange Commission. His profession: Wall Street lawyer and stockbroker.

David Doherty - The current Vice President of the New York Stock Exchange for enforcement is the retired General Counsel of the Central Intelligence Agency.

George Herbert Walker Bush President from 1989 to January 1993, also served as CIA Director for 13 months from 1976-7. He is now a paid consultant to the Carlyle Group, the 11th largest defense contractor in the nation, which also shares joint investments with the bin Laden family.

A.B. Buzzy Krongard The current Executive Director of the Central Intelligence Agency is the former Chairman of the investment bank A.B. Brown and former Vice Chairman of Bankers Trust.

John Deutch - This retired CIA Director from the Clinton Administration currently sits on the board at Citigroup, the nations second largest bank, which has been repeatedly and overtly involved in the documented laundering of drug money. This includes Citigroups 2001 purchase of a Mexican bank known to launder drug money, Banamex.

Nora Slatkin This retired CIA Executive Director also sits on Citibanks board.

Maurice Hank Greenburg The CEO of AIG insurance, manager of the third largest capital investment pool in the world, was floated as a possible CIA Director in 1995. FTW exposed Greenbergs and AIGs long connection to CIA drug trafficking and covert operations in a two-part series that was interrupted just prior to the attacks of September 11. AIGs stock has bounced back remarkably well since the attacks. To read that story, please go to www.copvcia.com/stories/part_2.html.

One wonders how much damning evidence is necessary to respond to what is now irrefutable proof that CIA knew about the attacks and did not stop them. Whatever our government is doing, whatever the CIA is doing, it is clearly NOT in the interests of the American people, especially those who died on September 11.

[seanx]

hah....I knew I had heard the name Buzzy Krongard before.....he was on the Blackwater board recently when the shit hit the fan about the Iraqi civilians getting murdered.....his brother at the State Dept tried to cover it up and ended up stepping down..........I would post the Balt. Sun article here but I've already surpassed my quota for the day and don't want to invite any jack-booted thugs to come down on me.....

it's the same old players playing the game from different positions and it's been going on for decades.....this needs to come to an end.........

hey Mickulz, herein lies the conspiracy as well............same NWO agenda driven people in positions of power and influence........you going to brush this one off as well?

lastly, Blackwater is the same Haliburton subsidiary supposedly preparing security for the American concentration camps which will be used to hold our citizens when shit goes to martial law.....they are also training hundreds of police depts across the US on how to handle activists and domestic threats (any wonder police brutality and corruption seems to be going up recently?)

[freddyv]

this martial law thing is no joke. I'm a little fuzzy on the specifics, but this was covered in the "A Nation of Sheep" book that I read recently. I'll have to brush up on it. From what I remember, the law is worded such that the President could declare martial law in even the most benign of situations.

a lot of shady things happened leading up to, during, and after 9/11. I don't know if we'll ever find out the real truth of the matter.

[freddyv]

Constitutional Responses to Terrorism
by Ron Paul, Dr. January 20, 2008

It has been over 6 years since the atrocities of September 11 were committed and there are still some very basic measures that need to be taken to bring the perpetrators to justice and make America safer. I have proposed legislation to help with these efforts and will continue to fight in Congress for the safety and security of the American people.

My legislation entitled The Marque and Reprisal Act of 2007 (HR 3216) makes the surgical strike option available to the President in our mission to capture Bin Laden. Our military has been pursuing him without result for far too long now, and it is high time ALL constitutional tools were utilized in the hunt for this dangerous madman. As an American it sickens me to know that Bin Laden and top leaders of al Qaeda remain at large and thumbing their noses at us, while we unravel the sacred fabric of our constitution out of fear. It is Osama Bin Laden and the perpetrators of terrorist attacks that ought to be afraid of us, not the other way around. The answers are found in the Constitution. We should boldly root out the perpetrators and not let them get away with their crimes against us. As the home of the brave we should use Letters of Marque and Reprisal to bring Bin Laden to justice.

Also, we need to take serious steps to prevent terrorists from gaining easy access to targets on our soil. Quite alarmingly, even with the knowledge that the 19 terrorist hijackers entered our country legally, and that 15 of them were from Saudi Arabia , student visas from terrorist sponsoring countries are still far too easily obtained. In a baffling move President Bush struck a deal with Saudi King Abdullah in 2005 to allow 21,000 more Saudi young men into the US on student Visas. Of course, not all students from terror sponsoring countries are terrorists, but I place a higher premium on the security of the American people than the convenience of citizens of hostile countries. We should not be making the goals of would-be terrorists easier to accomplish, but rather should be vigilant about defending against enemies at every turn. They should not be slipping through our doors so easily, using our immigration laws against us, and that is why I proposed the Terror Immigration Elimination Act (HR 3217) to toughen standards for VISAS from countries on the State Department's list of terrorist sponsoring countries in addition to Saudi Arabia . Just as you decide who to invite to a dinner party in your home, we should be in charge of who we allow in this country, without apology.

A lot has been done to fight the War on Terror and much of it has been misdirected, but there are some tools still needed and more progress to be made. My bills The Marque and Reprisal Act of 2007 and The Terror Immigration Elimination Act are logical steps in the right direction.