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To: stockman_scott who wrote (41985)9/17/2001 8:58:19 PM
From: Jill  Read Replies (2) | Respond to of 65232
 
I'm going to throw up.
It's so cold-blooded.

This is not hot hate--this is very very cold calculated hate. And it is about power and money. It uses religion to achieve its means.



To: stockman_scott who wrote (41985)9/17/2001 9:54:17 PM
From: Mannie  Read Replies (1) | Respond to of 65232
 
Talk about insider trading.

SEC must make sure these guys never see those funds, and when they show their faces to complain. Lock em up.



To: stockman_scott who wrote (41985)9/17/2001 10:45:40 PM
From: Ponderosa  Respond to of 65232
 
What appalling, lurid behavior! I hope that this is followed up aggressively by those that can actually do something about it...
Best to all...



To: stockman_scott who wrote (41985)9/17/2001 11:53:16 PM
From: abstract  Read Replies (3) | Respond to of 65232
 
CIA PROBE: MILLIONS OF SHARES SOLD ON EVE OF DISASTER;
DID BIN LADEN PULL OFF THE SICKEST SHARE DEAL EVER?

DAILY MAIL
09/18/01

The CIA has asked the City regulators in London to investigate suspicious sales of millions of shares before last Tuesday's attacks in America in the belief that the paper trail will lead to the terrorists.

MORE

Osama Bin Laden could have pulled off a sick financial coup shortly before the attacks that devastated America.

Britain's City watchdog, the Financial Services Authority, has launched an inquiry into unusual share price movements in London before last week's atrocities.

Other investigations have been launched in the U.S., Germany, Japan and Italy. The authorities fear that the Saudi-born multi-millionaire's followers might have used a technique known as 'short selling' shares in commodities such as insurance companies, airlines and tourism which they knew would plunge after the attack.

Short selling involves borrowing shares from a broker, then selling them.

You use the money raised to buy the shares when the price has gone down, give them to the broker and pocket the difference.

So if you sold a million shares at GBP 8 each, and they then went down to GBP 5, you could make a quick GBP 3million less the broker's fees and commission.

'It would be a particularly ghoulish kind of insider dealing,' said one source.

'But if we find anyone profiteering out of the tragedy it could be a good lead for the investigation into exactly who is responsible.'

The authorities are also looking for any unusual buying activity in sectors likely to go up, such as building or arms manufacturers.

Germany's security watchdog has launched an inquiry into 'suspect' share price movements in the run-up to the atrocities.

It is expected to home in on Munich Re, the world's biggest reinsurer, which lost 13 per cent of its value in the week before the attacks.

Fellow reinsurer Swiss Re and the French insurance giant Axa also suffered price falls before the outrage.

In cases of widespread short selling, the brokers start to follow the trend to cover themselves and this can force the market down.

U.S. Treasury Secretary Paul O'Neill said: 'We are going to track down every terrorist and confiscate their money wherever it is in the world.

'And I think we'll have the co-operation of every financial institution in every civilised society.

'We're going to shut these people down.'

A similar investigation is under way in Japan, where it is believed to be focusing on dealings in futures contracts.

In the futures market, investors bet on the future price of shares or commodities and can make enormous gains if their gambles prove correct.

Bin Laden comes from a wealthy Saudi business family and is believed to have financial tentacles reaching across the globe.

He is reported to have used a Milan brokerage to invest in European stock markets.

The Swiss authorities are also looking closely at his links with their country's notoriously secretive banking system.

END