IDEAS home Printed from
   My bibliography  Save this book chapter

Initiation of the 9-11 Operation, with Evidence of Insider Trading Beforehand



  • Paul Zarembka



This chapter first examines evidence concerning departures of the four flights out of Boston, D.C., and Newark, including identifications of the aircrafts involved, some evidence regarding the flight paths, and then the hijackings. Alleged video evidence at airports for the hijackers themselves is examined, but found to be unacceptable. The fact of a conspiracy is uncontested by all. Three alternative conspiracy possibilities regarding the planes are examined: the ‘official’ one of suicide hijackers skillfully guiding planes with steeled determination into targets (independent of the hijackers’ identities); use of beaconing or electronic control, similar to ordinary commercial landings, into the targets; and use of ‘drone’ airplanes. The third alternative is not supportable at this time, but the other two are possible explanations, not necessarily equally likely. 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.

Suggested Citation

  • Paul Zarembka, 2006. "Initiation of the 9-11 Operation, with Evidence of Insider Trading Beforehand," RESEARCH IN POLITICAL ECONOMY, in: Paul Zarembka (ed.),THE HIDDEN HISTORY OF 9-11-2001, volume 23, chapter 2, pages 49-77, Paul Zarembka.
  • Handle: RePEc:rpe:chaptr:zarembka2006

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item


    September 11; insider trading; political economy; war;

    JEL classification:

    • G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • N42 - Economic History - - Government, War, Law, International Relations, and Regulation - - - U.S.; Canada: 1913-


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rpe:chaptr:zarembka2006. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Paul Zarembka). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.