5 ms·
This makes me think of the plot of Casino Royale, where an international money launderer (more or less a hedge fund manager) tries to blow up a plane in order t
by beat 10y ago
This makes me think of the plot of Casino Royale, where an international money launderer (more or less a hedge fund manager) tries to blow up a plane in order to send its maker's stock plummeting.
More on point, some anonymous investors made billions shorting airlines on 9/11. That's like a perfect storm of insider trading ("As long as we're wrecking the airline industry with a terrorist act, let's short some stock on it make a bundle!").
- JBReefer 10y agoGot a source for the 9/11 claim? If true, that seems like it would have been quite the storm.
- beat 10y agohttp://www.sfgate.com/business/article/Data-shows-heavy-airline-stock-short-selling-2876345.php http://www.sfgate.com/business/article/Data-shows-heavy-airl...
- mikeyouse 10y agoIt's been disproven -- The 'billions' made in shorts were just a hedge against a much larger long position that was initiated. The 9/11 Commission did a pretty detailed investigation that Snopes covered here: http://www.snopes.com/rumors/putcall.asp http://www.snopes.com/rumors/putcall.asp