May 7, 2010
Editor’s note: Sabotage or market manipulation? Maybe al-Qaeda did it.
- A d v e r t i s e m e n t
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.”
CNBC’s Maria Bartiroma does not buy the “fat finger” theory, calls it market manipulation:
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