Know Your 9/11 history: On the days leading up to 9/11, massive put options (which are basically bets that the stock will go down) were taken out on American Airlines and United Airlines.

Know Your 9/11 history: On the days leading up to 9/11, massive put options (which are basically bets that the stock will go down) were taken out on American Airlines and United Airlines. ( cbsnews.com )

submitted 2019-09-12T17:12 by xolotltlaloc

3 comments

survey_girl 2019-09-12T20:18

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beefartist 2019-09-12T18:17

I wondered why this was even reported by someone like CBS until they tried to say it was Osama Bin Laden who did the trading. I would be willing to "put" that the investors were closer to home.

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xolotltlaloc 2019-09-12T17:47

Buzzy Krongard was the executive director of the CIA on 9/11. Previously, he was the CEO of AB Brown, the investment firm that purchased “put options” on American Airlines that were six times higher than normal, and when the stock plummeted the next day, his old firm made $4million .

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