More on financial terrorism possibilities

By Douglas J. Hagmann, Director

28 September 2008: Thanks to Right Side News for pulling together information relating to Wall Street oddities. An article written by investigative reporter Michael Webster under the title “Financial Terrorism on Wall Street?” adds additional dimension to our article (below). Excerpted:

U.S. government law enforcement agencies including the SEC, FBI and DOJ are on alert and are believed investigating terror and other related short selling illegal manipulation of the market place.

It was reported that between August 26 and September 11, 2001, groups of speculators, including Middle Eastern country investors, some reported connected to terrorist such as Al Qaeda and the Ben Laden family, these groups were believed connected to predicting the demise of certain airline and buildings including the New York Trade Center. Still others were identified by the American Securities and Exchange Commission as Israeli citizens, who sold “short” a list of 38 stocks that could reasonably be expected to fall in value as a result of the pending 911 attacks. According to the reports these speculators operated out of the Toronto, Canada and Frankfurt, Germany, stock exchanges and their profits were specifically stated to be huge.

Apparently none of the suspicious transactions could be traced to Bin Laden because this news item quietly dropped from sight, leaving many people wondering if it tracked back to American firms or intelligence agencies.

The feds have seen a possible similar trend operating on Wall Street recently and no end to the panic selling on Wall Street without government intervention. U.S. corporate regulator, the SEC, is seeking to ease the terror by implementing emergency rules relating to short selling.

Complete article: Right Side News.