Bernie Madoff One Of The 911 Call and Put Traders.
The International Institute of Nonviolence
By: Rev. Jermano
We all know one of the many unanswered questions to 911; that being who or who's responsible for the numerous call and put options exercised on United and American Airlines just prior to the 911 attack?
Shall we make the conclusion that one of them is Bernie Madoff?
Before I made the final decision to invest, I did the due diligence of which I felt capable and which occurred to me. In particular, I met at Madoff's offices on April 3, 1995 with the fellow I have always been told and always believed was his number two man, Frank DiPascali, to have him explain precisely what was the investing strategy that was being followed. DiPascali explained that Madoff was engaging in what I now know to be called the "split-strike conversion" strategy. Under this strategy, Madoff bought for one's account a "basket" of stocks that were in the S&P 100. To guard against losses, he simultaneously bought options, called "puts," that allowed him to sell the stocks -- to "put" them to someone, if they went down instead of up. To pay the cost of the puts that he purchased, Madoff sold other options, named "calls," that allowed the buyer of the option to "call" the shares from Madoff after small gains.
What is also interesting is the fact that the Supreme Court has refused to hear the case of the 911 victims. Why?
The US Supreme Court on Monday declined to hear a case brought by families of 9/11 victims against Saudi Arabia, four members of the Saudi royal family, a Saudi bank and a charity. The action lets stand a lower court ruling that the Saudi members cannot be held liable in US courts.
Because doing so will open the can of worms to the 911 terrorists attack, and its intimate connection to Bernie Madoff. That being said...Bernie helped move forward the false war on terror.
Interesting that in August 2008, the Second Circuit Court of Appeals in Manhattan happens to be close to where the trial of Bernie Madoff took place?
Certainly Bernie Madoff had a relationship with Sanford I Weills the CEO of Citigroup who helped defraud investors involved with Enron Corporation. Remember Enron is the first Domino that ignited the carrying out of 911. Enron had property investment plans in Afghanistan, that did not go forward because the Taliban government decided to give the pipeline deal to the Saudi Government BinLadin Construction Company, instead of the US, Enron Halliburton. This was the precept to going to war by the Bush administration.
The smoking Gun... AXA is one of the trading companies who exercised many of those call and put options just prior to the 911 attacks. Bernie Madoff is linked to AXA as one on his List of Victims.
Bernie would know about the insider trading because he at one time:
was whom the SEC expressly had found no fault -- who was, to boot, a leading and highly respected figure on Wall Street. He had been, among other things the Chairman of NASDAQ for three years and a member of the Board of Governors of the NASD. (For those who know financial history, he might in retrospect be thought the Richard Whitney of today.) http://www.counterpunch.org/velvel01192009.html....
For everyones information: Call and Put Options are the terms used to describe the derivatives market. We keep hearing that the derivatives market is what caused the collapse of the financial markets and economy in the US.
Yes they sure did...because the derivatives are the Call and Put options that were exercised just prior to 911....and Bernie Madoff is a targeted suspect.
His recent 150 life Prison term settles nothing in concern to the scams on Wall Street, but brings about further evidence to the 911 crime committed in New York, New York.