NYSUN: Bush Authorized Leak to Times, Libby Told Grand Jury

Thursday, April 06, 2006 | 11:50 AM

Nysun

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 Jury
New York Sun Web Exclusive

By JOSH GERSTEIN - Staff Reporter of the Sun
April 6, 2006 updated 9:02 am EDT
http://nysun.com/timesleak.php

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 . . .

PDF:  Download timesleak.pdf


>


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
Murray Waas,
National Journal, Thursday, April 6, 2006
http://news.nationaljournal.com/articles/0406nj1.htm

Thursday, April 06, 2006 | 11:50 AM | Permalink | Comments (26) | TrackBack (0)
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Comments

i remember the day Drudge broke the Monica story. at that time he wasn't that credible, not that he is now, but that sure got the market's attention. if i recall, that kicked off a wild string of "outlier" events that included the Russians defualting on their debt, the Asian currency crises and the subsequent blow up of Long Term Capital. it was also the last time risk premiums were this low.
i'm not saying we will see comparable events, but it sure can drive volatility, which everyone seems to be short...

Posted by: thecynic | Apr 6, 2006 12:13:16 PM

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