Initiation of the 9-11 Operation, with Evidence of Insider Trading Beforehand

Paul Zarembka ()

Chapter 2 in THE HIDDEN HISTORY OF 9-11-2001, 2006, vol. 23, pp 49-77 from Paul Zarembka

Abstract: This chapter first examines evidence concerning departures of the four flights out of Boston, D.C., and Newark, including identifications of the aircrafts involved, some evidence regarding the flight paths, and then the hijackings. Alleged video evidence at airports for the hijackers themselves is examined, but found to be unacceptable. The fact of a conspiracy is uncontested by all. Three alternative conspiracy possibilities regarding the planes are examined: the ‘official’ one of suicide hijackers skillfully guiding planes with steeled determination into targets (independent of the hijackers’ identities); use of beaconing or electronic control, similar to ordinary commercial landings, into the targets; and use of ‘drone’ airplanes. The third alternative is not supportable at this time, but the other two are possible explanations, not necessarily equally likely. The issue of insider trading before 9-11 is addressed. Publicly available data from OptionMetrics are provided and analyzed, indicating that many early reports were not using accurate data. Turning to an academic study in the Journal of Business which relies upon confidential, superior data, the findings are summarized that, indeed, there is evidence of insider trading before 9-11 on American Airlines and United Airlines. Larger concerns of insider trading are also summarized. Lastly, we give brief consideration to the profits certain capitalists make out of 9-11.

Keywords: September 11; insider trading; political economy; war (search for similar items in EconPapers)
JEL-codes: G13 G14 N42 (search for similar items in EconPapers)
Date: 2006
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