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rosco 357


Veteran
my words, i had already read something about it may have been a computer glitch that caused it to drop then that cause panic to set in, but the original reason was a computer mistake, but im not sure exactly what i read,


White House doesn't rule out sabotage in Thursday's wild market fluctuation
By Sam Youngman - 05/07/10 03:29 PM ET

President Barack Obama has not ruled out sabotage in the near-panic on Wall Street 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 Thursday. The Dow Jones Industrial average lost nearly 1,000 points before rebounding.

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

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

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.

Summers and Treasury Secretary Timothy Geithner met with the president later Thursday afternoon to discuss the incident.

Gibbs said when reporters, who became aware of the drop during his Thursday briefing, began asking him about it, he “thought to myself, well, I’ve only been out here for 30 minutes, what in the world has gone on?”

“You do wonder what happened," Gibbs said. “And that’s why the president has asked that we look into this and that those that regulate those entities will do so.”
Source:
http://thehill.com/homenews/administration/96713-white-house-doesnt-rule-out-sabotage-in-market-fluctuation

gypsy


Moderator
lots of poop hitting the fan.
I saw on /tv/news that Cheney/Hallaburton, was involved with construction, something to do with the oil rig in Louisiana when it was installed something about a safety valve will see if i can find it online Robert Kennedy's son was commenting on it~

rosco 357


Veteran
no gypsy , not sabotage on the oil rig, but sabotage with computers to cause the stock market crash..

gypsy


Moderator
LOLI know Rosco, ,this has nothing to do with my subject! but it is kind of on the same theme~ I will look farther for info..
I do hope they nail Cheney for this awful mistake~if he is guilty..

rosco 357


Veteran
gypsy wrote:LOLI know Rosco, ,this has nothing to do with my subject! but it is kind of on the same theme~ I will look farther for info..
I do hope they nail Cheney for this awful mistake~if he is guilty..

well yes if whoever took short cuts, but anykind of machinery thing can fail, i saw a show on the thing that suspose to have shut it off, its there but stuck and did not do what it should have done, im not sure if anything was left off as a back up, im sure we will know, this is a hugh deal, i doubt it will touch cheney, even if halburton did the work. . cheney is not involved in day to day ways to build oil wells, he just i guess owns part of the company. i guess, i dont keep up with halburton or cheney hardly,his health is probalby not that good now,

gypsy


Moderator
I think he is involved in more than we will ever know..

as a christian,I wish him no harm,but to pay for his evil ism(is that a word)? and mistakes

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