However, the blowback has been intense all day, with people incredulous at the idea that the resources being used for the marathon (hotel rooms, generators, cops) couldn't be used better for relief.

 

There is some hedge in his language. He's saying what he's hearing is from Wall Streeters, who might not know. He also says in a followup that he hopes his sources are wrong.

But given that the race is sponsored by ING, and that it's possible there will be a reputation hit, it's possible they know something.

Of course, Mayor Bloomberg said just a few hours ago that it was still on.

More to come.