FOLLOW THE PRE-9/11 MONEY

Government agencies were created to regulate certain industries in order to protect the American people. But as most of us know by now, they do the opposite: they protect the various industries they were meant to regulate. (By the way, if you're looking for a conspiracy with a capital "C," look no further).

In assessing the so-called "Phase Two" of the investigation into 9/11 and how the Bush administration handled ("managed") the intelligence they received from the CIA, one unanswered question seems to stand out in its total disregard by the SEC, the agency responsible for looking into it. I am referring to the suspicious options trading that occurred just before 9/11.

Someone purchased a very large number of put options on various airline stocks just days before the tragic event. You buy put options when you hope, or in this case KNOW, that certain stocks are going to go down. It is a highly leveraged way to make a lot of money if you're right.

But when you buy or sell options on an options exchange, there is a paper trail. The transactions can be traced back to an individual or an entity. If you discover only an entity, who was acting on behalf of some anonymous individual(s), you can almost always determine who those individuals were with proper investigation.

As far as anyone knows, the SEC or, for that matter, the CIA, have never even looked into this incredibly serious and likely revealing matter. Or, if they have, they are keeping the relevant information from the American people. It is part of that "C" word, a conspiracy between the administration and the agency or agencies with oversight powers into this specific area, in order to keep this vital secret to themselves.

By stonewalling this crucial piece of evidence, it allows us with vivid imaginations to arrive at no other conclusion than the likelihood that the buyers of these damning put options were the Bush administration's "friends" in Saudia Arabia.

It is one thing for speculators to make money by guessing a market's movement correctly. But it is a very different kettle of fish when individuals, armed with inside information into an impending horrific event, make windfall profits off the backs of mass murder. Someone should demand that the SEC fulfill its mandate and get to the bottom of this onerous act instead of covering up what might be an embarrassment to the administration.

Purchasing those put options was a crime. If we knew who bought them, we would know a whole lot more about 9/11 and what the Bush administration knew and how they handled that information as they moved relentlessly forward towards a war in Iraq.

11/06/2005