Difficult as it is to fathom, it looks as though some wealthy individuals
were already shorting stock in reinsurance companies quite heavily for
a couple weeks before the WTC/Pentagon attacks, and there are (quite
possibly unsubstantiated) rumours of links to Bin Laden.
To know that something like that was going to happen, and then not only
not try to stop it, but to also take steps to profit from it, strikes
me as being so astonishingly evil that I don't even know how to process
it, so I'm not going to. I'm just going to hope that it turns out to
be a basically false story, and the trades attributed to the normal maneuverings
that go on in the market in any given week.
I apologize for mentioning this and not providing a link to an actual
news story. It's just that I've been inhaling *so many* articles that
I really cannot remember what the source was.
Sean Kenny wrote:
> Funnily enough, the BBC just reported (not online yet) that there were
> massive share movements in Insurance companies just before the attacks.
Sean, I assume that you used the word "funnily" as an alternative to
"strangely," "peculiarly," that type of thing, because there is certainly
nothing funny about it.
> Bin
> Laden may be be an insane terrorist but he's also a Billionaire I
> understand, anyone know if that's inherited wealth or if he's just
> good at capitalistm?
His father started one of Saudi's largest construction firms. Bin Laden
inherited a share of it worth around USD $300 million, and proceeded
to cash out and start his crusade.
Bill
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This archive was generated by hypermail 2b30 : Fri Oct 12 2001 - 14:40:49 MDT