Do you think BIn Ladin profited on the WTC disaster?

[thebestMAX]

From our own Stock Market.

To finance his next venture?

He could have. Had advanced knowledge and so shorted the Major Airline Stocks.

Farfetched? Looking into people that traded that way now.

He has a lot of cash so why not?

 

[StageLeft]

He probably did.

 

[rudder]

yeh he's a goofball, but he's not dumb. You don't see him flying any planes into buildings. He get some ninnies to do it for him and he makes money.

 

[StageLeft]

"goofball" and "ninnies" lol

 

[piku]

Bin Laden-Japan Stock Link Probed

 

[thebestMAX]

Insanity and Religious Fanaticism are not synonomous with stupidity.

 

[RossGr]

I think that there is a very good chance that BL himself had no idea what was going happen. Isn't that the whole idea of the terrorist cell, gets its support/training from BL. Goes out into the world and does it's damage. With out haveing to tell a long line of people what they are up to. The more that know the less likely is the sucess of such a venture. That way BL can honestly say "I had nothing to do with it, I had no idea. BTW congrats boys you did good" He had no idea about that specific plan and instructed no one to do that specific damage, ie he is telling the truth. But without his finanical support it never would have happened. It will not be enough to capture BL we need to seize his wealth. That would slow things up a bit. Should our war include Swiss Banks who are the most likely holders of the BL cash?

 

[Fiddy]

I wonder if in fact this was the primary objective with the act of terrorism a guise just so they can profit. Think about it, if Allah is so great and and life after death means so much, why aren't the people at the top the first to go? I think the whole thing is a scam that has been going on for generations, raising these people from a very young age to do the dirty work, making a fortune, all in the name of Allah. I think that bin laden answers to older extremists that are running the show behind the scences, and the heiarchy extends well below the surface.

BTW, this brings up another question. It has been said that only bin laden had the resources to accomplish this act.
But in reality, how much money came out of their pockets? They used our planes and fuel to attack us. The building themselves were used as weapons of mass destruction. We might ourselves unknowingly have even contributed to training these animals.

All in all, they got out pretty damn cheap, with their biggest expense the loss of their hi-jackers and we know how much human life means to them. Especially if you look at the risk versus reward. It was a low risk, high gain return on their investment.

Just remember, just because they are the lowest forms of life walking the earth doesn't mean they are not smart, clever and don't want riches.

 

[woodie1]

There were an unusally high number of short sellers.

This story is from Dave Carpenter, AP Business Writer:

The Chicago exchange trades options on the stocks of about 1,400 companies along with 38 stock-based indexes, including the Dow Jones Industrial Average, the S&P 500 and the Nasdaq 100.

All nose-dived in the aftermath of the attacks, which would have meant substantial profits for anyone who had bet on their decline by buying put options or through short-selling. Short-sellers borrow stock and sell it in anticipation of buying it back later at a lower price.

In the days before the attacks, unusually high numbers of put options were purchased for the stocks of AMR Corp. and UAL Corp., the parent companies of American Airlines and United Airlines, which each had two planes hijacked. There was no such trend involving other carriers.

On Sept. 6-7, when there was no significant news or stock price movement involving United, the Chicago exchange handled 4,744 put options for UAL stock compared with just 396 call options - essentially bets that the price will rise. On Sept. 10, an uneventful day for American, the volume was 748 calls and 4,516 puts, based on a check of option trading records.

On Monday, the first day of trading following the attacks, shares of AMR fell 39 percent and UAL stock plunged 42 percent. Other airline shares also were sharply lower and most rebounded modestly Tuesday.

According to a report in The Wall Street Journal, the SEC said it had received information from various U.S. agencies Friday about possible trading by terrorists in industries affected by the bombing, including insurance and the airlines, and also about possible put-option or futures-index trading.

 

[jpsj82]

"To finance his next venture?"

remember that these operations cost next to nothing, and he already is a millionaire. I think that he wouldn't chance getting caught on SEC charges. Some very big names in crime have got put away for finacial fraud of some type, not the actual major crimes they commit.