The issue of insider trading before 9-11 is addressed. Publicly available data from OptionMetrics are provided and analyzed, indicating that many early reports were not using accurate data. Turning to an academic study in the Journal of Business which relies upon confidential, superior data, the findings are summarized that, indeed, there is evidence of insider trading before 9-11 on American Airlines and United Airlines. Larger concerns of insider trading are also summarized. Lastly, we give brief consideration to the profits certain capitalists make out of 9-11.
Zarembka, P. (2006), "Initiation of the 9-11 Operation, with Evidence of Insider Trading Beforehand", Zarembka, P. (Ed.) The Hidden History of 9-11-2001 (Research in Political Economy, Vol. 23), Emerald Group Publishing Limited, Bingley, pp. 49-77. https://doi.org/10.1016/S0161-7230(06)23002-5
Emerald Group Publishing Limited
Copyright © 2006, Emerald Group Publishing Limited