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Transcripts For CSPAN Washington Journal 20100507

host: inside the financial times trading goes wild on wall street. the new york times the lead story, dow falls 1000. the wall street journal the market plunge baffles wall street. bob davis, wall street journal. are we still baffled? guest: it did not seem possible that it was a sell-off of that magnitude. something odd happened. it happened in five minutes. host: have they figured it out? was it a fat finger? guest: that is one of the possibilities, but i do not know that we will go for days. host: the market ended up going down about 340. that all due to what is happening in greece? guest: you can never psychoanalyze the markets, but a lot of it clearly is. there s concerns about the defaults around a the world. greece and of itself would not be a big deal because it is a small country, but the fear is that greece goes to spain, goes to portugal, goes to italy, and then it is a real mess. host: a couple of associated press articles just coming over the wire. he

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