There is no doubt about the shorts on UAL and AMR, I remember looking at these myself at the time, typically, the puts are less than 2000 open contracts in the most active prices/month, but just before 9/11, those have gone to some 12,000 or more. I don't know how to look at the historical record now that these contracts have expired. At the time, the SEC promised to investigate this in detail, but I have heard nor read an iota about this since those contracts expired. As to who, your guess is as good as mine. Bin Ladin must have some 'hidden" financial interests in the US in the form of "common investments" and partnerships. I heard he had an active "energy" portfolio, and that of course, is somewhat "worysome", due to the closeness of some cabinet members with the industry. I have seen somewhere a "Carlysle" company mentioned, but did not go deeper, thinking it was no more than "Yellow Journalism".
Zeev |