When the Bundesbank studied the possibility of insider trading in relation to the September 11 attacks , Welteke stated that the German researchers found “ almost irrefutable proof of insider trading ” , stating that “ What we found makes us sure that people connected to the terrorists must have been trying to profit from this tragedy . ” During his time in office , Welteke also publicly voiced disagreement with Schröder over the sale of the Bundesbank 's gold reserves , at the time the world 's second-largest after the United States . While Welteke proposed to set up a fund to distribute 5 billion euros from gold sales over five years for education and research purposes , Schröder held that was not enough to meet the country 's spending needs
September 11 attacks
September 11 attacks
Ernst Welteke