White House doesn't rule out sabotage in market fluctuation

[alienlovechild 75]

President Barack Obama has not ruled out sabotage in the near panic on Wall Street on Thursday afternoon.

White House press secretary Robert Gibbs said Obama's economic team was jolted by the news and met with Obama shortly after the market plunged.

The president announced Friday morning that a full review is being conducted, and Gibbs said Obama is waiting to hear the results of a review before ruling out what might have caused it, including the possibility of sabotage.

“I wouldn’t rule anything in or rule anything out,” Gibbs told reporters in his West Wing office Friday. “I think that’s appropriately why they’re reviewing what may or may not have happened.”

Gibbs said Obama thinks the “the circumstances around this is something that should be watched or should be reviewed and looked at.”

It remains unclear what led markets to dramatically fall on Thursday. The Dow Jones Industrial average lost nearly 1,000 points before rebounding.

Theories have included a technologic problem and a mistaken transaction by a large trader.

The Securities and Exchange Commission and Commodity Futures Trading Commission announced a joint investigation of the matter on Thursday.

When the market began to drop, Lawrence Summers was pulled out of meeting and spent a few minutes making phone calls before talking to the president, Gibbs said.

http://thehill.com/homenews/administration/96713-white-house-doesnt-rule-out-sabotage-in-market-fluctuation

[w¡n9Nµ7 §£@¥€r 123]

They don't rule out Martians either.

[Pooky 3,781]

They don't rule out Martians either.

Martians ... Market Traders ... same difference, really

[Mr. Big Dog 10,747]

They don't rule out Martians either.

You simply can't when Accenture and Sam Adams, for example, suddenly become worthless entities (their stock reportedly plunged down to a penny) while Sotheby's stock hit $100,000.00 making it - at least for a moment - a company worth 6.8 trillion dollars.

[thongd4me 69]

With most of the government officials in the finance sector being ex-Goldman folks, what else is new?

The government often sabotages itself.