Subject: Ruppert: The CIA’s Wall Street connections
Date: 19 Oct 2001 01:52:36 -0500
Transcript of interview with Michael C. Ruppert on Guns and Butter: The Economy Watch with Kellia Ramares and Bonnie Faulkner
Aired on KPFA 94.1 FM, Berkeley, CA Friday, October 12, 2001
FAULKNER: On September 29, The San Francisco Chronicle reported that investors had yet to collect more than $2.5 million in profits they made trading options in the stock of United Airlines before the Sept 11 terrorist attacks. The uncollected money raises suspicions that the unidentified investors had advance knowledge of the attacks.
The securities and exchange commission is investigating high levels of short sales and purchases of “put” options, on the stocks of United Airlines and American Airlines in the three business days before the attacks. Short sales and put options are bets that a stock will fall in price.
Meanwhile, the Interdisciplinary Center, a counter-terrorism think tank headed by former Israeli intelligence officers, has issued a report on Osama bin Laden’s finances, saying insiders profited by nearly $16 million dollars on transactions involving the two airlines and the investment banking firm Morgan Stanley, which occupied 22 floors of the World Trade Center. And that report excluded other unusual trading activity involving insurance companies with significant exposure to damage claims resulting from the attacks.
Joining us by phone from Southern California is Michael C. Ruppert.
Ruppert is a former Los Angeles Police Department field officer and narcotics investigator whom the CIA twice tried to recruit.
In the course of investigations in the mid 1970s, he came across information the CIA was trading drugs in order to fund covert operations. He was forced out of the LAPD in November 1978 after being shot at and threatened for speaking out about CIA drug activity.
At a Town Hall meeting on November 15, 1996, Ruppert publicly confronted then-CIA director John Deutsch with information about three specific CIA drug operations. The confrontation led to an invitation to appear before the Senate Select Committee on Intelligence, where he spoke and presented written evidence concerning the CIA’s infiltration of and illegal relationships with a number of police departments throughout the country.
Michael Ruppert publishes “From The Wilderness,” a magazine which deals with the effects of illegal covert operations on our society.
He’s here today to discuss his latest article for that magazine about the CIA’s knowledge of, and connections to, the suspect trading that occurred in the days prior to the attacks on the World Trade Center and the Pentagon….