ABC News Reporter – 911 Attack on the Twin Towers: Federal officials have begun a major investigation into whether someone or many people benefited financially from the evil done to the country last Tuesday. Not long before the 911 Attack on the Twin Towers occurred, there were some financial transactions in the stock market that may indicate knowledge of the attack before it began. ABC’s Antonio Mora is here. Whether they ever get to, if they ever get to the bottom of it, it will be astonishing.
ABC Antonio Mora – 911 Attack on the Twin Towers: Astonishing, no question, Peter. What many Wall Street analysts believe is that the terrorists made bets that a number of stocks would see their prices fall. They did so by buying what are called puts. If you bet right, the rewards can be huge. The risks are also huge. Unless, of course, you know something bad is going to happen to the company you’re betting against.
Dylan Ratigan – 911 Attack on the Twin Towers: This could very well be insider trading at the worst, most horrific, most evil use you’ve ever seen in your entire life. One example, United Airlines.
ABC News Reporter – 911 Attack on the Twin Towers: The Thursday before the attack, more than 2,000 contracts betting that the stock would go down were purchased, 90 times more in one day than in three weeks. When the markets reopened, United’s stock dropped, the price of the contracts soared, and someone may have made a lot of money fast.
Dylan Ratigan – 911 Attack on the Twin Towers: $180,000 turns into $2.4 million when that plane hits the World Trade Center.
ABC News Reporter – 911 Attack on the Twin Towers: It’s almost the same story with American Airlines.
Dylan Ratigan – 911 Attack on the Twin Towers: That’s a five-fold increase in the value of what was a $337,000 trade on Monday. All of a sudden becomes what? $1.8 million.
ABC News Reporter – 911 Attack on the Twin Towers: And there’s much more, including an extraordinarily high number of bets against Morgan Stanley and Martian McLennan, two of the World Trade Center’s biggest tenants.
ABC Antonio Mora – 911 Attack on the Twin Towers: Could this be a coincidence?
Dylan Ratigan – 911 Attack on the Twin Towers: This would be one of the most extraordinary coincidences in the history of mankind if it was a coincidence.
Johnathan Winer – 911 Attack on the Twin Towers: It is absolutely unprecedented to see cases of insider trading covering the entire world, from Japan to the United States and North America to Europe.
