FROM:
http://www.freerepublic.com/focus/f-news/2509155/posts
Feds trace flash crash to Chicago
politico ^ | 5/7/10 | EAMON JAVERS
Posted on Friday, May 07, 2010
Federal investigators probing the “flash crash” that briefly sliced nearly 1,000 points off the Dow Thursday are zeroing in on a series of “unusually high-volume” trades in S&P futures that originated in Chicago, a government official told POLITICO.
Those trades set off a chain reaction of trades that caused the biggest drop within a single day in the Dow Jones Industrial Average’s storied history.
Many comments and links on this thread:
http://www.freerepublic.com/focus/f-news/2509330/posts
Obama pal part of fed probe (Dr. Eric Whitaker)
Chicago Sun-Times ^ | May 8, 2010 | DAVE McKINNEY, CHRIS FUSCO AND TIM NOVAK
Posted on 05/08/2010 5:02:14 AM PDT by maggief
E-mails and other records of Dr. Eric Whitaker — one of President Obama’s best friends — have been subpoenaed by a federal grand jury, the Chicago Sun-Times has learned.
The investigation involves “faith-based initiatives” and health-awareness campaigns funded by the Illinois Department of Public Health when Whitaker ran the agency for former Gov. Rod Blagojevich, according to copies of subpoenas obtained under the state’s Freedom of Information Act.
Obama has said he recommended Whitaker for that job, which Whitaker landed in April 2003. The president’s friend resigned in October 2007 to join Obama’s wife, Michelle, as an executive at the University of Chicago Medical Center.