Whenever a potential political bombshell drops, its always important to see how markets react to them. This headline in today’s NY Sun — is the type of thing that could provoke a reaction:
Bush Authorized Leak to Times, Libby Told Grand
New York Sun Web Exclusive
By JOSH GERSTEIN – Staff Reporter of the Sun
April 6, 2006 updated 9:02
A former White House aide under indictment for obstructing a leak probe, I.
Lewis Libby, testified to a grand jury that he gave information from a
closely-guarded "National Intelligence Estimate" on Iraq to a New York Times
reporter in 2003 with the specific permission of President Bush, according to a
new court filing from the special prosecutor in the case.
The court papers from the prosecutor, Patrick Fitzgerald, do not suggest that
Mr. Bush violated any law or rule. However, the new disclosure could be awkward
for the president because it places him, for the first time, directly in a chain
of events that led to a meeting where prosecutors contend the identity of a CIA
employee, Valerie Plame, was provided to a reporter.
Whether this is for real or not, I have no idea. I cannot vouch for the paper or its reporter. The page loads painfully slowly
More on this as it developes . . .
UPDATE April 6, 2006 12;22pm
The story started circulating around trading desks once Real Money posted it in their columnist conversation at 11:51 am
See this also:
Libby Says Bush Authorized Leaks
National Journal, Thursday, April 6, 2006