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AL FRANKEN! I'm calling you OUT. You are wrong, wrong, wrong!

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CaptainMidnight Donating Member (611 posts) Send PM | Profile | Ignore Fri Apr-09-04 10:35 AM
Original message
AL FRANKEN! I'm calling you OUT. You are wrong, wrong, wrong!
Gang,

Many of you here at DU know that Captain Mike is friends with Janeane Garofalo. I have just emailed her something similar to this posting below, hoping she'll take a minute to look into it, hopefully print out the COLD HARD facts, and shove them in Al's face.

I can't say I heard Franken say it directly, but according to several other postings here in other threads at DU:

Al DOES NOT BELIEVE one of the MAJOR SMOKING GUNS of the whole "Bush Cartel 9-11 Foreknowledge and/or Complicity in The Attacks" Enchilada.

Al said he doesn't believe in "conspiracy theories," and apparently he, and his guest Michael Kinsley, somehow "debunked" the INSIDER TRADING THAT OCCURRED BEFORE 9-11 WHICH WOULD INDICATE SEVERAL BUSH BIZ CRONY INSIDERS KNEW THE ATTACKS WERE COMING and found a way to profit from them.

I think many of us, instead of taking time to "Unfreep this CNN poll!" or "go write a review at Amazon about this I Hate Bush Book," should instead take the time to EMAIL Al Franken at Air America over this particular issue, and get him to retract his statement.

Briefly, if any of you at DU hadn't been aware of that particular phenom, in the days before the Attacks, MASSIVE AMOUNTS of lopsided 'put' options (stock bets that a particular stock will go DOWN in price, or devalue) were placed on ONLY the 2 airlines, United and American, that would be affected by the coming 9-11 Attacks. AND, put options were placed on several of the companies that were based INSIDE the World Trade Center Towers.

This is NO THEORY. Billions of dollars were involved. The perpetrators had to KNOW that attacks were coming, and they chose to PROFIT from them. The put options (versus "call" options) can vary day to day, but just before 9-11, they were anywhere from 27 TIMES to 90 TIMES ABOVE NORMAL.

Mike Ruppert's definitive research on all this:
http://www.fromthewilderness.com/free/ww3/index.html#inside

Ironically, much of the "9-11 Conspiracy FACTS and Conspiracy RESEARCH" has been damaged and ridiculed by those of "us" ON THE LEFT. (DAVID CORN, anyone?) While Air America is a great thing, AA can also serve to do a lot of DAMAGE to the whole 9-11 Truth Movement by helping the US Corporate Whore Media actually QUELL the truth, and to further allow BushCo to get away with it all.

A brief summary of Ruppert's research, summing up the "put options story" can be found either at this link where he dissects Condi's testimony:

http://www.fromthewilderness.com/free/ww3/040804_condi_rice.html

I've also included the DU limit of 3 paragraphs from the article below:

I hope Janeane will look into it and bend Al's ear.

Peace,
Captain Mike
--------------------------

INSIDER TRADING

The documented pre-Sept. 11 insider trading that occurred before the attacks involved only companies hit hard by the attacks. They include United Airlines, American Airlines, Morgan Stanley, Merrill-Lynch, Axa Reinsurance, Marsh & McLennan, Munich Reinsurance, Swiss Reinsurance, and Citigroup.

In order to argue that the massive and well-documented insider trading that occurred in at least seven countries immediately before the attacks of Sept. 11 did not serve as a warning to intelligence agencies, then it is necessary to argue that no one was aware of the trades as they were occurring, and that intelligence and law enforcement agencies of most industrialized nations do not monitor stock trades in real time to warn of impending attacks. Both assertions are false. Both assertions would also ignore the fact that the current executive vice president of the New York Stock Exchange (NYSE) for enforcement is David Doherty, a retired CIA general counsel. And also ignored is the fact that the trading in United Airlines stock -- one of the most glaring clues -- was placed through the firm Deutschebank/Alex Brown, which was headed until 1998 by the man who is now the executive director of the CIA, A.B. "Buzzy" Krongard.

One wonders if it was a coincidence then, that Mayo Shattuck III, the head of the Alex Brown unit of Deutschebank -- which had its offices in the WTC -- suddenly resigned from a $30 million, three-year contract on Sept. 12, as reported by the New York Times and other papers.
(more)
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Must_B_Free Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 10:40 AM
Response to Original message
1. His fact checker found it was real at the end of the show
so he had to eat that one.
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ladjf Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 10:41 AM
Response to Original message
2. I believe that your position is correct.
How is it that a second rate comedian has become the main spokesperson for the progressive political positions? His insistence that there is no truth in "any of the consipiracy theories" is definitely hurting our cause (and the cause of American Democracy).
He should shut the h*ll up about this.
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Teaser Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 10:43 AM
Response to Reply #2
3. Actually, he should say what the hell he wants about this.
Edited on Fri Apr-09-04 10:46 AM by Teaser
Let's not go all Stalinist here.
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truthspeaker Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 10:44 AM
Response to Reply #2
6. rather than shut the hell up, he should change his position
in light of the facts he's been presented.

Al, unlike rightwingers, is capable of admitting when he's wrong. Let's encourage him to do so and start talking about these 9/11 questions.
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JelloBiafra Donating Member (8 posts) Send PM | Profile | Ignore Sat Apr-10-04 09:39 AM
Response to Reply #6
87. Al and Hillary
Notice the softballs he chucked at Hillary the other day. She is not even a liberal.
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RandomKoolzip Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 10:44 AM
Response to Reply #2
7. No, Franken's excellent.
He just has this one wrong.

I love Al and hope he's successful at radio.
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mzmolly Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 10:45 AM
Response to Reply #2
9. Actually I think one needs proof *consisting of more than an internet*
website to push these rumors in the media.

Granted the likes of Hannity and Limpbalz would not hesitate, but I for one prefer a more measured cautious approach? :shrug:
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Minstrel Boy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 11:01 AM
Response to Reply #9
23. "Sources tell CBS News that the afternoon before the attack, alarm bells
were sounding over unusual trading in the US stock options market, an extraordinary number of trades betting that American Airlines' stock price would fall... Sources say they've never seen that kind of imbalance before. Normally, the numbers are fairly even."
http://www.cbsnews.com/stories/2001/09/19/eveningnews/main311834.shtml

There's much more here than rumours from a website.

Many more links here to mainstream stories on insider trading:

http://www.cooperativeresearch.org/wot/sept11/suspicioustradingact.html
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Sterling Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 11:06 AM
Response to Reply #9
27. Were you watching TV on 9-11-9-14
It is not a rumor. It is very inflamatory news that was supressed after the implications were understood. It was reported on every major network soon after the attack only to vanish before it could be damaging to Bush and the wave of patriotism sweeping the country after 9-11.
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scottxyz Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 11:06 PM
Response to Reply #9
81. It's not just internet stuff
Edited on Fri Apr-09-04 11:06 PM by scottxyz
Check out the sources on these stories:

- A jump in UAL put options 90 times (not 90 percent) above normal between Sept. 6 and Sept. 10, and 285 times higher than average on the Thursday before the attack. {CBS News, Sept. 26}

- A jump in American Airlines put options 60 times (not 60 percent) above normal on the day before the attacks. {CBS News, Sept. 26}

- No similar trading occurred on any other airlines. {Bloomberg Business Report, the Institute for Counterterrorism (ICT), Herzliyya, Israel citing data from the CBOE}

- Morgan Stanley saw, between Sept. 7 and Sept.10, an increase of 27 times (not 27 percent) in the purchase of put options on its shares. {ICT Report, "Mechanics of Possible Bin-Laden Insider Trading Scam," Sept. 21, citing data from the CBOE}.

- Merrill-Lynch saw a jump of more than 12 times the normal level of put options in the four trading days before the attacks. {Ibid}

"I saw put-call numbers higher than I've ever seen in 10 years of following the markets, particularly the options markets," said John Kinnucan, principal of Broadband Research, as quoted in the San Francisco Chronicle...

http://www.fromthewilderness.com/free/ww3/040804_condi_rice.html
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mzmolly Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-10-04 09:20 AM
Response to Reply #81
83. He confirmed that lots of stock was sold on the day in question.
Edited on Sat Apr-10-04 09:21 AM by mzmolly
But, some analysists say that is not highly unusual. Franken discussed this on his show.

When I noted the internet not being entirely reliable, I was referring to the "Bush planned 911" scenario. Obviously, this aspect of the *case* has not been proven, and I prefer caution from our national spokes people on said issue until it can be KWIM?
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Media_Lies_Daily Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-10-04 10:00 AM
Response to Reply #83
89. There is quite a bit more that "internet sources" talking about this...
...situation. Read the post toward the bottom of this page on what Snopes has decided.
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mzmolly Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-10-04 10:24 AM
Response to Reply #89
94. I agree, but it's all related to the stock trading is it not?
Edited on Sat Apr-10-04 10:39 AM by mzmolly
From what I gather, that wasn't so unusual (in and of itself) that it warrants an investigation?

Though I'll say again, that I think this corrupt administration isn't beyond anything.
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Selwynn Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-10-04 10:26 AM
Response to Reply #9
95. No fuckin kidding.
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mzmolly Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-10-04 10:29 AM
Response to Reply #95
97. Thanks, glad it's apparent to the masses.
:hi:
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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Fri Apr-09-04 10:46 AM
Response to Reply #2
10. Deleted message
Message removed by moderator. Click here to review the message board rules.
 
wildwww2 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 11:55 AM
Response to Reply #10
44. Al is actually funny. Dennis Miller is second rate. Or maybe third.
But the freepers at work probably think Miller is funny. While he trashes anyone who can`t lick Bu$h`s backside as well as he can.
Peace
Wildman
Al Gore is My President
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Media_Lies_Daily Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-10-04 09:36 AM
Response to Reply #44
86. Dennis Miller doesn't "rate" at all.
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still_one Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 10:46 AM
Response to Reply #2
11. He is entitled to his opinion
do not want to become like the neocons where people we don't agree with should not be heard?
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ladjf Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 11:17 AM
Response to Reply #11
36. Sure he's entitled to his opinion.
And so am I and my opinion is that the cause of getting Bush out of office would be better served by someone who is not supporting the current administration.

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bagnana Donating Member (858 posts) Send PM | Profile | Ignore Fri Apr-09-04 01:40 PM
Response to Reply #36
60. what the hell are you talking about?
Franken is not supporting this administration. He wrote a whole book about how he is not supporting this administration. You might have heard of it -- it sold quite a few copies, I'm told.
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ladjf Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 01:58 PM
Response to Reply #60
66. Yes, I'm familiar with his book.
And I'm aware that in general, Franken is opposed to Bush and his policies. My previous posts were directed at his comments about not believing "any of those conspiracies". On that one position, I think he is helping the administration by stifling interest in pursuing some of the 9-11 possibilities.
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Jeff in Cincinnati Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 12:10 PM
Response to Reply #2
46. Shall we do the usual
and form our circular firing squad? It's amazing to me that Republicans can ever kick our ass, because we're so busy kicking each other.
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HootieMcBoob Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 12:16 PM
Response to Reply #2
49. LOL
You're making me laugh. Good try. Funny....
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bagnana Donating Member (858 posts) Send PM | Profile | Ignore Fri Apr-09-04 01:38 PM
Response to Reply #2
58. no, he does not need to shut up.
He has an opinion and he changes it when he is wrong, unlike ANYONE on the other side. He is funny and entertaining and his humor reaches wide audiences. He has a team of fact checkers to keep him honest.
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greenman3610 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 10:43 AM
Response to Original message
4. what was peculiar
about Franken's riff on this, (I heard it), was that he,
and his guest (Combes lite) Kinsley
obviously had never heard of the short selling
before, or never bothered to look into it.
I'm not sure I completely believe the conspiracy
idea, but I am frustrated that our media has
not even bothered to look into it, and that
elite snobs like Kinsley, (who Franken calls the
'smartest liberal in America"), and now
Al, seem to think that such concerns are
only for the ignorant and unwashed...
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ladjf Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 11:22 AM
Response to Reply #4
39. I've noticed the same among some of my smartest friends.
Some of my closest and smartest friends seem totally unwilling to examine any information that even has a hint of "conspiracy" because they fear that they will be labeled as "tin foil hat" types. And yet as the stories unfold, several "theories" have turned out to be true.
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jo35042 Donating Member (139 posts) Send PM | Profile | Ignore Sat Apr-10-04 10:03 AM
Response to Reply #39
91. Being a "conspiracy theorist" is worse than being a "tax and
spend liberal" isn't it?

Good Grief, if there was no "conspriracy" then a whole lot of people knew what Condi and the bush didn't.
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mzmolly Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 10:43 AM
Response to Original message
5. He did say he will look into it and discuss it further today.
So, send him the links you have!

Also, one of his points was that part of the "theory" is that jews were told to leave the world trade center before the planes struck. :eyes:

http://www.snopes.com/rumors/israel.htm

Rumors like this are lumped in with perhaps credible information thus making the whole "enchilada" harder to swallow?

Say hey to Janeane from a fan in MN :hi:

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Sterling Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 11:12 AM
Response to Reply #5
33. Umm it's NOT part of the "theory"
He does not have to subscribe to any theory to take a hard look at the relivant facts and make a informed choice which he by hi own admission has yet to do. He like many other DUers that have since come to believe 9-11 is a lie is predisposed to reject the idea that things like this actually happen, and in America no less. I can't say I respect it but I understand it as I have seen it first hand and witnessed the process of enlightenment many times with other who feel as he does.

He will come around or get left behind.
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BlueEyedSon Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 10:45 AM
Response to Original message
8. Options activity is a very important piece of evidence from 9/11
However, it does not point to complicity on the part of the supposed "good guys".

It is 99.99% certain that SOMEONE other than the 19 hijackers knew of the plot. That person or persons chose to attempt to profit from the impending attacks. Perhaps they were Al Queda operatives or bankrollers.

In any case, an investigation into those transactions would be very informative.

I guess the only evidence of conspiracy is the absence of such an investigation.
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mzmolly Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 10:47 AM
Response to Reply #8
13. S'actly!
"It is 99.99% certain that SOMEONE other than the 19 hijackers knew of the plot. That person or persons chose to attempt to profit from the impending attacks. Perhaps they were Al Queda operatives or bankrollers."
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BlueEyedSon Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 10:52 AM
Response to Reply #13
20. Gosh did I say something this smart?
"I guess the only evidence of conspiracy is the absence of such an investigation."

Wouldn't this lead right to people who had advance knowledge of 9/11?
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TexasProgresive Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 11:07 AM
Response to Reply #13
29. Likely they were
repug bankrollers of been Frogotten looking to do a little profit taking.
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Sterling Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 11:15 AM
Response to Reply #13
34. Thats not where the trail has lead so far.
It already points to known CIA money lkaundering conection. I assure you if it were the "hijackers" or people connected to them we would have never heard the end of it. That fact would be used to "prove" what W nad Blair promised to prove with their "white paper" that never materialized.
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alarcojon Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 11:10 AM
Response to Reply #8
32. Agreed
Edited on Fri Apr-09-04 11:15 AM by alarcoeg
Here is a quote from the first article linked on post # 23

U.S. investigators want to know whether Osama bin Laden was the ultimate "inside trader" — profiting from a tragedy he's suspected of masterminding to finance his operation. Authorities are also investigating possibly suspicious trading in Germany, Switzerland, Italy and Japan.

There's always the danger that the stock trail stops at the water's edge if the money came from banks in countries that don't cooperate with the United States. But insider trading is always motivated by greed, and a senior Wall Street executive noted it would be ironic if the terrorists' greed ended up providing one of the most promising leads investigators have.


What's happened with these investigations?

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Sterling Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 11:17 AM
Response to Reply #32
35. They did not lead to any "terrorists" like the anthrax
Think about it. Why would they not use this against OBL, if it were insider tradeing on his part? There is no reason, think about it.
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alarcojon Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 11:33 AM
Response to Reply #35
43. Please let me know where you get your information
I just find news stories from late 2001 mentioning lots of suspicious activity and ongoing investigations, but nothing about the outcomes of those investigations.

I can't think of a reason they wouldn't use this info against Bin Laden (or anybody of Middle Eastern descent). On the other hand, it would be obvious that the government would cover it up if they were behind it. Still, I'd like to see some follow up on the late 2001 investigations somewhere. If you have any links, I'd be happy to look at them.
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jo35042 Donating Member (139 posts) Send PM | Profile | Ignore Sat Apr-10-04 10:06 AM
Response to Reply #8
93. O poo!! That is really scary
"I guess the only evidence of conspiracy is the absence of such an investigation."

what in insightful comment. That is the scariest thing that has entered my head in these scary times.
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BlueEyedSon Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 10:46 AM
Response to Original message
12. BTW, good work!
Forgot that in my last reply.
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edzontar Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 10:47 AM
Response to Original message
14. Franken is a decent fellow, but he is kinda DLC and supported the war
At first, as he admits in his book.

He also admits that he was wrong.


My suggestion re-this or any other issue is to just send him stuff or call his show and see if he can turned around.
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bacchant Donating Member (747 posts) Send PM | Profile | Ignore Fri Apr-09-04 10:49 AM
Response to Original message
15. I've have to agree
I read Franken's book and liked it, but the O'Franken factor blows. I listened last night and the show wasn't informative or funny. Just plain bad. I hope Air America thrives, but Al should return to writing books.
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edzontar Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 10:50 AM
Response to Reply #15
16. I haven't heard his show.
But my friends have told me that AA suffers from severe DLC panderbot syndrome, or something like that.

What we need are some tough liberals and leftists on there!!!!
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bacchant Donating Member (747 posts) Send PM | Profile | Ignore Fri Apr-09-04 11:01 AM
Response to Reply #16
24. Ha, severe DLC panderbot syndrome
Your friends hit that one on the head.
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HootieMcBoob Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 12:19 PM
Response to Reply #16
50. you gotta be kidding me
try listening for yourself.
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edzontar Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 01:51 PM
Response to Reply #50
64. Just reporting what folks have told me.
Look, I like the guy.

I just heard his show could be better, is all.
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Selwynn Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-10-04 10:31 AM
Response to Reply #16
98. I love things that start with "but my friends told me...."
You should have just said, I don't know what the fuck I'm talking about, but I'm here to regurgitate what someone else has said without actually listening myself.
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havocmom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 10:51 AM
Response to Original message
17. ever consider he might be playing role of Devil's Advocate?
It is a great teaching tool: Provoke people to disprove your 'opinion', thereby giving them a covert 'atta boy! for finding the evidence to blow you out of the water. It is a pretty darned good empowering technique.

Perhaps that was the method to O'Franken's maddness?

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Sterling Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 11:21 AM
Response to Reply #17
38. Maybe but he could do a better job.
I think the whole "conspiracies dont' happen" bit makes him sound like a fool. I really really like AL. I met him here in NYC a few months back. I don't expect everyone to understand 9-11 and all the lies surrounding it but he could at least get a grasp on the material if he is going to be so opinionated about it.
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Nightjock Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 10:52 AM
Response to Original message
18. Sometimes it is not so simple
First off, let me say I believe it is a story with enough merit to be looked into. BUT...
I am familiar with the way the media works.
Even on Air America, Franken and company have limits.

If he says he believes that BUSHCO. knew the attacks would happen beforehand he would be slammed by 90 percent of the talking heads on tv and radio as a "lunatic not in touch with reality"

and all of the great work he is doing would not reach as many listeners (or viewers when he is on tv)because "he can't be believed because he thinks the Prez allowed 3,000 people to be murdered."

He would lose advertisers too and that's when the suits step in and tell you what you can and can't say on the air.

It does not matter that the story has some very serious points that should be reported. It is IMCOMPREHENSIBLE to the average American that people in power would let something like that happen.

If you were sitting in your living room privately hanging out with Franken I bet he would tell you he does not discount the story.

I have been in radio for 7 years and I can tell you one true solid as a rock fact. Not everything you hear a host say is the truth.

I hope you cut Al Franken a break. He is doing such great work I think you can look at the glass half full.
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Kazak Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 10:53 AM
Response to Reply #18
22. So what if he get slammed...
Someone needs to blaze a trail, eh?
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Jane Austin Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 11:32 AM
Response to Reply #18
42. Sometimes it is not so simple
Edited on Fri Apr-09-04 11:41 AM by janeaustin
And that's true of much of life, too.

Getting liberal voices on the air is a HUGE step, and they are right to take baby steps.

They need advertisers, crediblility and lots of listeners

I think they are proceeding brilliantly.


(Edited for redundancy)
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neverborn Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 01:44 PM
Response to Reply #18
61. Randi was talking LIHOP yesterday
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Kazak Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 10:52 AM
Response to Original message
19. Semi-related question about the put options:
Can they not be traced back to the source?
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BlueEyedSon Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 10:53 AM
Response to Reply #19
21. One would think so.
Edited on Fri Apr-09-04 10:53 AM by BlueEyedSon
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bobbieinok Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 11:19 AM
Response to Reply #19
37. was a DU thread about FBI saying 'investigated, nothing to see here.....'
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peacetalksforall Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 11:03 AM
Response to Original message
25. There seems to be a human nature thing in people that
they are very open or closed to conspiracies. Some are naturally ready to immediately debunk conspirarcies acting from their intellectual side of the brain.

With that defense, I find it hard to believe that either of them have gotten this far without knowing about the put-options on the two principal airlines and investment companies headquartered in the towers.

I've never understood Michael K at all. He is a strange person.

As to Al F. I would say that all anyone has to do with Al is enlighten him about the fact that Ashcroft closed the investigation without any explanations except for a declartion that 'there is nothing there'.

The put-options may be the only part of 9-11 that is officially 'closed' by the government by announcement.
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Sterling Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 11:04 AM
Response to Original message
26. I love Al but he seems a bit lazy on his research
And the whole "I don't believe is conspiracies" makes him sound kinda dumb, which he is not.

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Kazak Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 11:07 AM
Response to Original message
28. I could smell the conspiracy on the morning of 911...
And, I've yet to hear anything that convinced me otherwise.
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progressivebydesign Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 02:22 PM
Response to Reply #28
70. Why I believe 9/11 is bigger than believed...
9/11. Only an American would know that this date could be marketed, exploited, and sold to the American public. Perhaps if it had been 9/03.. doesn't have the impact, does it? The foreign hijackers would not have thought of that... then the attack on Madrid.. 3/11, corresponding with 9/11. I can't shake that feeling..
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Sterling Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 05:24 PM
Response to Reply #70
76. Yes it was more Hollywood than Mecca in my view.
The whole thing had an air of fabrication from the start.
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Minstrel Boy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 05:53 PM
Response to Reply #76
78. "it was like a movie..." how many times did we hear this?
It was a trauma-induced mind control exercise on a grand scale. "Catalyzing," indeed.
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sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 11:09 AM
Response to Original message
30. Let them paint us out to be kooks
Great plan. Tucker dismissed every criticism of Begala's yesterday by saying Democrats believe Bush planned 9/11. Now if you people think America is going to believe that, then I think you're just as out of touch with America as any right wing nut is. If Gore were in office when 9/11 happened, the freepers would be using the exact same "facts" to say Gore caused 9/11. And we'd all be saying they were insane.

Bush dropped the ball. He and Condi should have been pushing the intelligence agencies to find out what was going on and they didn't. That is the best we're going to get against these people on 9/11, incompetence and arrogance. Anytime we go into conspiracy LIHOP, MIHOP theories; we lose EVERYTHING.

THINK PEOPLE, for god's sake the election and our future depends on it.
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Sterling Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 11:27 AM
Response to Reply #30
41. You think Tucker helped himself or Bush with that?
It made him sound like the kook and he was actually bringing the issue to the publics attention. For starters he was creating a strawman because Pussy Paul never even made that arguement. Now the idea that Bush Knew is in more peoples minds. What is more is that he also made it clear that MANY people are saying this. That lends it's own credibility.

Bottom line if people are encouraged to re examine 9-11 they will find that Bush is not a hero and possibly much much worse.

This is win/win. AS for elections 9-11 is all Bush has, take it away from him with the truth. If we don't get the word out now we are allowing another LIHOP/MIHOP event to happen.
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CaptainMidnight Donating Member (611 posts) Send PM | Profile | Ignore Fri Apr-09-04 06:34 PM
Response to Reply #30
79. babe, looking less and less like "theory" every day
So, we should base out strategy upon the likelihood of mockery from Tucker Carlson.

Should our methods meet with TUCKER'S Approval?

No wonder the Right Wing is mopping the floor with us!

Captain Mike
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Minstrel Boy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 11:09 AM
Response to Original message
31. ABC News: "It’s absolutely unprecedented to see cases of insider
trading covering the entire world from Japan, to the U.S., to North America, to Europe." - Jonathan Winer, ABC News consultant.

John Kinnucan, a principal of Broadband Research, an independent telecommunications research firm, told the San Francisco Chronicle. "I saw put-call numbers higher than I've ever seen in 10 years of following the markets, particularly the options markets. When one sees this type of activity, the first thing one does is ask oneself, 'What is the explanation? What are people worried about?'" - San Francisco Chronicle, 9/19/01

Lots of resources and links here on the trading, which involved billions of dollars, and the Alex Brown/Deutsche Bank story to 9/11:

http://www.cooperativeresearch.org/wot/sept11/suspicioustradingact.html
http://www.cooperativeresearch.org/wot/sept11/911alexbrown.html
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JohnyCanuck Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 11:26 AM
Response to Original message
40. I heard a caller ask Al where he gets his news.
Edited on Fri Apr-09-04 11:26 AM by JohnyCanuck

This was the day when Daily Show's Jon Stewart was a guest on the O'Franken Factor. Al reeled off a list of mostly mainstream US media e.g. Wash. Post, NY Times, USA Today (didn't mention one foreign media source ) and then mumbled something about checking out some blogs as well (he did mention www.talkingpointsmemo.com so I give him credit for that).

But I am not surprised he'd be clued out about the insider trading story and other messy details that the mainstream news media do their best to keep under wraps. He does proudly proclaim he is a DLCer after all.
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CaptainMidnight Donating Member (611 posts) Send PM | Profile | Ignore Fri Apr-09-04 12:05 PM
Response to Original message
45. No, no, no...and NO! (READ NOW, from original poster)
Sorry,

That's not good enough!

I want you all to know WHY I'm calling AL OUT!

Having some assistant handing him a scribble note while on the air, and having Franken mumble some sorta "I guess it's true," IS NOT ENOUGH.

Sorry, but AL, having the ONLY "mainstream" radio show with a liberal bent simply puts you in the CATBIRD SEAT to take the ball with this, NOT just apologize and say "I was wrong."

Admittedly, I'm pissed, and at the end of my patience. For over TWO YEARS NOW, us "conspiracy theorists" were right about this, about that, about almost EVERYTHING, and faced our most withering crititicism from amongst our own ranks, "on the left." Look at all that has been revealed as of yesterday afteroon with regard to Bush Foreknowledge of 9-11, and coming much later to the party, Bush COMPLICITY with 9-11.

Franken opened the can of worms on his show. He needs to take this story and PUSH IT. Otherwise, WHY have a bloody "bold" "trailblazing" show if you're not gonna put your ASS ON THE LINE?

Franken IS THE MAN TO DO IT!

I'm GOADING him here. I"M GOADING YOU, the lily-livered Left, to hector him.

Ya know something? Reading some of these responses here, I'm still amazed at the postings STILL calling this into question, or "because it's from some internet conspiracy wacko's" STILL not wholly believing it. Mike Ruppert caught this within 3 days of 9-11, and even some MAINSTREAM TV NEWS SHOWS, like CBS, mentioned it. Then it got squelched.

Know something else? IT's not like I'm asking Franken to put his ass on the line about some of the more dubious, or foggy theories about 9-11. Some of them, like "no plane hit the Pentagon; it was a missile," I don't subscribe to myself, but I DID LOOK at the EVIDENCE, and some of it's very compelling, it's a VERY SMALL HOLE, with no airplane debris, but I"M NOT GONNA PROMOTE IT. I'm not asking Franken to promote, "the Jews fled the WTC right before the planes hit." THIS IS A FACT.

PUT YOUR ASS ON THE LINE, AL!

I got two words for you: MICHAEL MOORE

Look at what happened when Michael Moore, like him or not, actually took his dunderheaded decision to endorse Wesley Clark, and managed to unintentionally turn it into GOLD. Moore introduced Clark at a rally, and mentioned "The General vs. The Deserter." Moore was quickly CONDEMNED by ALL the major media outlets, and even Jennings asked Clark the totally leading question of "why did you accept Moore's assertion about Bush being a deserter when there's no facts supporting it?"

The Bush AWOL/Deserter Story had been spiked, neglected, censored by the media ever since it came up right before the 2000 Election. IT was TABOO. VERBOTEN. NO one was talking about it or writing about it in print or on TV.

Michael Moore actually "accidently" revived interest in the story,

BUT IT ONLY CAUGHT FIRE WHEN MOORE AND CLARK WERE RIDICULED BY ALL THE RIGHT WING TALKING HEADS.

Then EVERYBODY was FORCED to look at it, as it was now OUT IN THE OPEN, and it did some pretty good DAMAGE to Bush...BECAUSE IT WAS TRUE.

You guys get my point here? If AL pushes it, ridiculed or not, THEY CAN NO LONGER IGNORE IT.

You think he/we should be afraid of a few nasty words from the Right Wing? FRANKEN CAN DO IT. Did you see AL PICK APART O'REILLY on CSPAN at the LA Book Fair?

Al should bring it up again, PUSH the story, GET RIDICULED, and then the story will be "OUTED," eventually PROVEN TRUE, and this might eventually HANG BUSH.

Sorry, but it's not enough to be Liberal; be a Liberal with some BALLS!

THOUGHTS?????

Captain Mike
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RBHam Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 12:13 PM
Response to Reply #45
47. I agree with you, Cap.
Anyone who looks at the evidence, WITHOUT BIAS, must conclude that 9-11 was a false flag terror event designed to give political cover for the expansion of American hegemony abroad and the construction of a domestic police state.

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HootieMcBoob Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 12:23 PM
Response to Reply #45
52. You're over reacting
I heard it. He said he was going to look into it. Kinsley said something like the important think is whether or not it's true. Some of the people there found an article about it and he said he was going to look into it. It's as simple as that.

Send him the information, or tell Garafalo to talk to him. There's no need to go ballistic.
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ladjf Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 12:39 PM
Response to Reply #45
56. We can Liberal ourselves into another defeat.
Captain Mike,

You are on the money when you say we've got to show some courage.

And even Michael Moore criticized Gore about as much as he did Bush. He did nothing to help us in 2000 and hasn't contributed a whole lot since. Too many of our brightest Liberals are too busy being dignified Liberals or Progressive to be willing to "get down and dirty" with these ba**ards.

We don't need luke warm Libs. We need passionate Liberals who understand that the future of America is definitely at stake, right now!

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Selwynn Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-10-04 10:33 AM
Response to Reply #45
99. My thoughts are you need to take a pill or five.
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OKNancy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 12:15 PM
Response to Original message
48. Mike Ruppert??? get real
Ruppert is a nut.
Anyone using him as a source hasn't read all of his theories.

--
He has written a lot about Clinton being a drug runner and a killer.
http://www.fromthewilderness.com/free/politics/alert_Jan.1.html
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Minstrel Boy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 12:19 PM
Response to Reply #48
51. CBS? ABC? New York Times? Washington Post? CBC?
Inform yourself.
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OKNancy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 12:24 PM
Response to Reply #51
53. If those sources are used then fine,
but not Ruppert. Franken would laugh his ass off.
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Minstrel Boy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 12:33 PM
Response to Reply #53
55. That's a good point.
Relying on sources which can be derided as those of "conspiracy theorists" can, unfortunately, end the discussion with those disinclined to entertain conspiracy theories. But virtually all of Ruppert's case can be supported by mainstream sources, the best compendium of which is Paul Thompson's timeline at www.cooperativeresearch.org. That, I think, is the site Frankin should be steered towards.
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Lars39 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 01:56 PM
Response to Reply #55
65. Excellent site, but if Franken has no computer or sees no need for one,
the chances of him getting up to speed and being well informed shrink with each day. Even computer-savvy news junkies have trouble keeping abreast of events on a heavy news day. :shrug:
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Minstrel Boy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 02:05 PM
Response to Reply #65
67. He has no computer?!?
No wonder he's so ill-informed! Damn, American liberal radio needs a truthseeker like Mike Malloy.

Okay then, somebody, mail Franken copies of Nafeez Ahmed's The War on Freedom, Michel Chossudovsky's War and Globalisation, Brisard and Dasquie's Forbidden Truth, Griffin's The New Pearl Harbor....
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Lars39 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 02:10 PM
Response to Reply #67
68. That is what I understood from an earlier thread about AAR.
Might have been on the first day it was on the air. The info about him not having a computer was in the starting post of the thread. Don't remember who the author was. Sorry.
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Generator Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 03:02 PM
Response to Reply #53
74. I agree only use "mainstream" sources
that is what Paul Thompson has done. It's all there.

http://cnnstudentnews.cnn.com/2001/WORLD/europe/09/24/gen.europe.shortselling/

In New York, investigators are looking into the possibility that terrorists might have used short-selling to bet against the stocks of the very airlines they planned to hijack.

Between August 10 and September 10, the NYSE says short sales of UAL Corp. increased 40 percent, American parent AMR Corp increased 20 percent, and aircraft manufacturer Boeing Corp. increased 37 percent.

Short-sellers with advance knowledge of the attack could have made millions.

http://web.archive.org/web/20011109160700/www.miami.com/herald/special/news/worldtrade/digdocs/099922.htm

``What we found makes us sure that people connected to the terrorists must have been trying to profit from this tragedy,'' he told European finance ministers and central bankers.

Besides massive short-selling of airline and insurance stocks, Welteke said ``there was a fundamentally inexplicable rise'' in world oil prices just before the attacks that suggest certain groups or people were buying oil contracts that were then sold for a much higher price.

Follow the money.

http://slate.msn.com/id/2088092/

Ah they did, and their lips are sealed.
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CaptainMidnight Donating Member (611 posts) Send PM | Profile | Ignore Fri Apr-09-04 01:22 PM
Response to Reply #48
57. Nice ad hominem attack on Ruppert, babe
Why don't you do a little research on an entity known as the INTERNET, and find out how RIGHT RUPPERT IS about this insider trading.

He wrote MORE ABOUT IT, and EARLIER, than ANYONE ELSE.

Did you read it? PICK ONE POINT about the insider trading, and tell my how RUPPER IS WRONG ABOUT IT.

Tell the group here, what is it about HIS INSIDER TRADING STORY that you have PROVEN TO BE FALSE?

You're using typical Right Wing tactics. You have NOTHING to say or add, so you...

BRING UP CLINTON!

You just did Rush proud.

Captain Mike
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OKNancy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 02:28 PM
Response to Reply #57
71. Does he or does he not
Edited on Fri Apr-09-04 02:34 PM by OKNancy
say Clinton was involved in drug-running?
I will not back down on my statement that Ruppert is an unreliable source.

Also I'm not your babe.

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Minstrel Boy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 02:34 PM
Response to Reply #71
72. It's more like this:
The CIA is up to its acronymn in the global drug trade. That should not be a great shock. Some of it is public record - for instance, Iran/Contra/Crack Cocaine - even though it's been scrubbed from public memory.

As for Bill Clinton, he was compromised by the CIA, when he was governor of Arkansas, to cover-up its massive Mena operation.

That's what Ruppert is saying, and has much to back it up. He's not a crackpot for saying it.
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Media_Lies_Daily Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-10-04 09:35 AM
Response to Reply #72
84. Thank you...good explanation of what's really going on.
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RBHam Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 01:39 PM
Response to Reply #48
59. Clinton was compromised by Bush Sr
Mena, Arkansas. Barry Seal. Ollie North.

Read "Dark Alliance", by Gary Webb.

Clinton didn't run anything, but I believe that the Bushies and his Bl;ack Ops boys in the CIA set him up and then hung it over his head. After all, he was the Governor while the CIA ran the program right under his nose.

It explains Clinton's continuing support of the draconian Drug War laws, and his support for Plan Columbia - a plan that ensures pro-Corporate Fascist domination of that country and the continuing cocaine monopoly the paramilitaries enjoy.

It explains why he didn't fight back as hard as he should have during the endless "scandals" that hampered his ability to move the country forward.

Why were Vince Foster and Ron Brown assassinated? In my opinion, not because of any dark secret machinations run by the the Clintons. I believe that Foster and Brown found about where Clinton's campaign money actually came from, drug funds transferred through Corporatists like Jackson Stephens. Legit, on the face of it - and I do believe that the Clinton's may have been unaware of that until it was far too late. Then the Bushie Black Ops boys sent their message: play along or we'll crucify you.

I also believe that Brown had discovered the CIA/ISI/KLA link in the Balkan Wars. He knew way too much.

It's a fact that the CIA runs drugs and sells arms to help fund their unaccounted-for budget. It's time that all Americans knew the truth about their super secret spy agencies "other" dicvisions and projects.

I mean, if you say you live in a Democracy where the leaders are held accountable for their actions...

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Minstrel Boy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 01:51 PM
Response to Reply #59
63. Good stuff, RB.
Also worth picking up: "Compromised: Clinton, Bush and the CIA" by Terry Reed and John Cummings, and "The Boys on the Track" by Mara Leveritt.

Mena drug-running was real, but Clinton wasn't doing it; it was the CIA, under Bush's say so, as part of the Iran/Contra/Cocaine story. And Clinton was compromised by Bush to participate in its cover up. Now, why did Ken Starr refuse to press on Foster and Mena, and zero in on Monica? Here's a clue, from Daniel Hopsicker:

The Reagan administration (with ex-head of the CIA George Bush as Vice President) took special legal steps to prepare for drug smuggling by the Nicaraguan contras and other CIA clients. This evidence of premeditation is contained in a recently declassified letter exchange in early 1982 between CIA director William Casey (yet another suspicious death) and Attorney General William French Smith.

Out of a long list of crimes that the CIA was required to report, Casey and Smith agreed to remove drug trafficking by CIA operatives. That meant that the CIA was spared having to disclose that the contras and other CIA-backed groups were smuggling drugs into the United States. It is legal for the CIA to deny the "Dark Alliance" stories and to use their own MOCKINGBIRD assets in the media to do so.

The lawyer who worked as William Smith's aide on this "sanctioning" of CIA drug smuggling was Kenneth Starr. This explains the dichotomy between Starr's handling of the Foster murder and the Arkansas Horrors versus his handling of the Monica Lewinsky/ perjury issue. Starr isn't protecting Bill Clinton per se, he is protecting the CIA.

...

Starr is not afraid to press on the Monica Lewinsky issue because that scandal does not risk exposure of the CIA's Iran-Contra smuggling. Starr...is connected to the CIA drug cartel. He helped write their "license to smuggle". This is why Starr covered up Foster's murder, to protect that operation. This is not a Republican scandal. This is not a Democratic scandal. This is a CIA drug scandal. And both parties are dirty as hell.
http://www.madcowprod.com/1stissue/Rivero.htm

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nolabels Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 02:22 PM
Response to Reply #63
69. Some have been accused of using selective evidence
MIHOP's / LIHOP's people have been accused (probably millions of times) of wearing special colored glasses, but more and more it's becoming more evident for ordinary Joe's it must be true because of the all the evidence mounted and having no other way be able to explain it. The statement from CON-DAh-lies-ah just made seem ever more evident


April 9 2004
The Incredibly Shrinking Condoleezza Rice
http://www.blackcommentator.com/radio_bc/85_condi/85_condi.wma
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rdfi-defi Donating Member (395 posts) Send PM | Profile | Ignore Fri Apr-09-04 12:28 PM
Response to Original message
54. "aa can also serve to do a lot of damage to the whole 9-11 truth movement
by helping the us corporate whore media to actually quell the truth, and to further allow bushco to get away with it all."

how long has aa been on the air? people already have to fact-slap the #1 guy?

p.s. pacifica is still commercial free, they also do a damn good job of reporting
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PATRICK Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 01:49 PM
Response to Original message
62. Sliding away from the real issue
Which is we are not allowed to know even elementary things of modest accountability to dispel very obvious smoke coming from some WH horror or other, call it what you will. In that absence opinion is hamstrung, assurance a crime upon a lie upon a crime.

I feel no assurance or good will or have a sound estimation of Bush's limits with regards to misdeeds or incompetence. The fact we are not allowed to know but told to be reassured, even uplift W is itself a scandal in which national cognitive dissonance IS the conspiracy.

There are very troubling things to investigate EVEN if minimal accountability is laid at the doors of Intel and the WH. But no, don't go there or anywhere. Get rich or die.
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symbolman Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 02:45 PM
Response to Original message
73. Maybe we can take up a collection
and send both Al and Janeane a computer? :)

Seriously, from DU with love -- I've talked to Janeane (thanks to for the Intro Capt'n - is her email still the same?) and asked her if she'd actually Seen my animations and she answered quite honestly that she hadn't, that she's a neo-Luddite, etc..

I appreciate her honesty - anyone else would have lied to make me feel better, but she told me the truth and I value that more than anything in the world.. not to mention she has been a HUGE supporter of our site, especially while we have Michael Savage and TRN after us with that stupid lawsuit--

We love all the Air America folks - hell, we even featured Randi Rhodes on our first web page and pushed HARD for her syndication from the start..

BUt I know that Randi is computer savvy so that's no problem..

What IF we DID get a collection together and sent both Al and Janenane computers capable of running the latest software, video, etc as a GIFT FROM THE DU?

Worth it's weight in advertising and word of mouth on the air, eh?

thanks for all you do Captain Midnight and others here who are so on the ball :)

symbolman
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CaptainMidnight Donating Member (611 posts) Send PM | Profile | Ignore Fri Apr-09-04 05:38 PM
Response to Reply #73
77. cool!
Thanx for the public acknowledgement, Symbolman!

Always appreciated.

I don't know Janeane's personal view on this (haven't heard back yet), but she IS a regular reader of my essays and analysis, as she's on my daily "Captain's List."

I also know she's a busy gal, so not sure if she took the time to catch that particular story. But yeah, I hope she caught some of your flash animations as well.

Some kinda public "calling out" of Franken, and maybe Janeane, some kinda "gesture" might be necessary to get them to flog this story. IT'S TRUE, and UNDENIABLE. Maybe the very public "OFFER" to buy them both a computer.

Maybe a special banner on TPTM's homepage taking up a "collection?" Or devoting a segment of TPTM Radio to publicly suggesting AL take up this case?

See my Posting #45 about this, as well.

The FBI, with much like the Anthrax Attacks, are sitting on this investigation. Actually, they "closed the case," by issuing a statement, "Nope, it wasn't bin Laden that made those trades, so case closed!"

From the beginning, who would ever think it was bin Laden? Why would he "tip off" or give a "heads up" about his coming attack by placing short calls on the stock market?

The SEC could've found out who made those bets any time they wanted. But they seemed about as eager to find out that as they were eager to investigate Ken Lay.

Oh BTW, did you know that ALL of the SEC records regarding ENRON, as well as records to about 1,500 other pending SEC investigations into Wall Street malfeasance were conveniently "lost" when WTC bldg. #7 conveeeeeeeeeniently collapsed later that day, very mysteriously, and perfectly so, tho not hit by any debris, much less a plane, and into its own footprint?

Watch this:


Captain Mike
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WinningDoubt Donating Member (28 posts) Send PM | Profile | Ignore Sat Apr-10-04 10:06 AM
Response to Reply #73
92. Are you kidding?
Do you really thing these people can't afford to buy each and every one of us a new computer? Maybe send them a list of what to buy but my god they have more money to spend than ANY of us her on DU.

Send these rich people money? A clue maybe but they have plenty of disposable cash on hand. Good grief.
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mainer Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 03:37 PM
Response to Original message
75. Snopes says it's TRUE

Claim: In the days just prior to the September 11 terrorist attacks, unusually large quantities of stock in United and American Airlines were shorted.
Status: True.

Origins: On
11 September 2001, four planes were hijacked and used in the Attack on America: American Airlines Flight 11 leaving Boston bound for Los Angeles, American Airlines Flight 77 leaving Washington bound for Los Angeles, United Airlines Flight 175 leaving Boston bound for Los Angeles, and United Airlines Flight 93 leaving Newark bound for San Francisco. Each of these planes was deliberately crashed, killing all on board — two into the World Trade Center towers, one into the Pentagon, and one into a field in Pennsylvania. (Only the delay in takeoff of UA Flight 93 and the actions of the alerted passengers on board prevented it from becoming yet another instrument of destruction resulting in an even greater loss of life.)

The operation had taken years to plan, and the perpetrators knew well in advance which airlines would be affected.

In the month prior to the 11 September 2001 attacks on the World Trade Center and the Pentagon, highly unusual trading activity involving American and United Airlines stock was noted by market analysts who at the time had no idea what to make of it. Wildly unusual discrepancies in the put and call ratio — 25 to 100 times normal — were observed in stock options of the two airlines. In one case, Bloomberg's Trade Book electronic trading system identified option volume in UAL (parent of United Airlines) on 16 August 2001 that was 36 times higher than usual.

(Options are wagers that the price of a 100-share block of a particular stock will rise or fall by a certain date. "Puts" are "shorts" — bets the stock price will fall. "Calls" are bets the price will rise. Thus, one who has reason to believe a particular company is about to suffer a terrible reversal of fortune would purchase "puts" against that entity's stock.)

But it was during the final few trading days (the market closes on weekends) that the most unusual variances in activity occurred. Bloomberg data show that on 6 September, the Thursday before that black Tuesday, put-option volume in UAL stock was nearly 100 times higher than normal — 2,000 versus 27 on the previous day.

On 6 and 7 September, the Chicago Board Options Exchange handled 4,744 put options for United Airlines' stock, translating into 474,000 shares, compared with just 396 call options, or 39,600 shares. On a day that the put-to-call ratio should have been roughly 1:1 (no negative news stories about United had broken), it was instead 12:1.

On 10 September, another uneventful news day, American Airlines' option volume was 4,516 puts and 748 calls, a ratio of 6:1 on yet another day when by rights these options should have been trading even.

No other airline stocks were affected — only United and American were shorted in this fashion.

Accelerated investments speculating a downturn in the value of Morgan Stanley and Merrill Lynch (two New York investment firms severely damaged by the World Trade Center attack) were also observed.

The Chicago Board Options Exchange is investigating each of these trades and at this time is declining to offer comment on its progress. The volume traded and the one-sidedness of the trades, however, have raised suspicions that those who had knowledge of the details of the attacks (e.g., which airlines would be involved and that the World Trade Center was a target) could have been behind them and profited mightily.

Barbara "putting on the blitz" Mikkelson

Last updated: 3 October 2001


http://snopes.com/rumors/putcall.htm
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CaptainMidnight Donating Member (611 posts) Send PM | Profile | Ignore Fri Apr-09-04 10:51 PM
Response to Original message
80. kick
CM
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JohnyCanuck Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-10-04 09:16 AM
Response to Original message
82. kick n/t
kick
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JelloBiafra Donating Member (8 posts) Send PM | Profile | Ignore Sat Apr-10-04 09:36 AM
Response to Original message
85. I doubt they would even read your email
What with all the mail they get.
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sistersofmercy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-10-04 09:47 AM
Response to Reply #85
88. Welcome to DU, JelloBiafra
The Dead Kennedys, coooool! :thumbsup: :hi:
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mzmolly Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-10-04 10:27 AM
Response to Reply #85
96. Welcome Jello!!
I wan't cake!! :9
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WinningDoubt Donating Member (28 posts) Send PM | Profile | Ignore Sat Apr-10-04 10:00 AM
Response to Original message
90. Al is wise not to follow the nutjobs fromthewilderness
It's funny to read their madness but that's about it.
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Selwynn Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-10-04 10:34 AM
Response to Reply #90
100. Amen.
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