As I pointed out in my heavily sourced article (which you did not read), American was only one of 38 stocks on the SEC's suspect list. Even if American was hedged -- what of the other 37 stocks? The 9/11 Commission Report makes no mention of them.
The only wash was by the 9/11 Commission.
Their cursory dismissal of the insider trading issue was later exposed by three published studies -- by various experts who concluded that insider trading had indeed occurred. Three separate published studies -- all of which agreed.
Fools of course will continue to see what they wish to see.