"Rogue" Trader Highlights Possible 9/11 and 7/7 Insider Trading"Best trading day in the history of Societe Generale was September 11, 2001"Steve Watson Infowars Jan. 23, 2009 |
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According to an article in The London Times today, Societe Generale rogue trader Jerome Kerviel profited enormously on the day of the 7/7 London bombings. He has also revealed how his company made huge profits on September 11th 2001, prompting some to return to questions over insider foreknowledge of both terrorist attacks. The article states: "The best trading day in the history of Societe Generale was September 11, 2001," he said. "At least, that's what one of my managers told me. It seems that profits were colossal that day.Kerviel was charged almost exactly one year ago in the Societe Generale trading loss incident which cost the financial services company an estimated €4.9 billion. Until the Bernard Madoff fraud incident last month, it was reported to be the largest fraud in banking history. Societe Generale claimed that Kerviel worked the trades alone, and without its authorization. Kerviel told investigators that such practices are widespread and that huge profits routinely give the upper echelons of financial institutions cause to turn a blind eye. Many questions have been raised regarding massive trades that foreshadowed the events of 9/11, with put options placed in large quantities against American and United Airliners in the days immediately prior to the attacks. The investigation as to who was responsible for authorizing the transactions led directly back to former CIA director Buzzy Krongard. In the case of the London bombings, the pound fell 6 per cent against the dollar for no apparent reason in the days before the attack. “Currencies of established countries simply do not fall that fast based upon any kind of economic or financial analysis,” said a 35 year veteran economist. “Somebody -- somewhere -- knew something. Or maybe I should say ’somebodies.’” It is considered that such anomalous activity betrays prior knowledge of the incidents. We have since seen other suspicious trading incidents dovetailing with foiled terror attacks. Specifically, in August 2006, surrounding the infamous “liquid bomb plot” and one year later in August 2007 with the so-called “Bin Laden trades” when a mystery trader placed 245,000 put options on the Dow Jones Eurostoxx 50 index. |