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Mayor Bloomberg, Police Commissioner Kelly, and representatives from the Port Authority and FBI gave a press conference about the tunnel terror plot a few hours ago. This morning, the Daily News revealed that officials had "foiled" a plot to flood the city Katrina-style (no matter how technically unfeasible it would be), sending people into a tailspin, both the "crap, no" and the "the government is making this too big a deal" kinds. From the NY Times:

Mark J. Mershon, the agent in charge of the Federal Bureau of Investigation's New York office, said at a news conference this afternoon that Lebanese officials had taken the plot's "mastermind" into custody in Beirut and that he had confessed. Mr. Mershon said that the Lebanese officials had identified the suspect as Assem Hammoud, a 31-year-old Lebanese native, and reported that Mr. Hammoud had sworn allegiance to Al Qaeda.Mr. Mershon said two of the other eight people he described as "principal players" in the plot had been taken into custody in other countries, although none had yet been charged with any crimes. He said that an investigation was continuing, involving six countries on three continents.

...Mr. Mershon said today that the Holland Tunnel was not, in fact, the plot's target. He described it as plot involving "martyrdom, explosives and certain of the tubes connecting New Jersey and Lower Manhattan."

"Yada yada bombs yada yada New York yada yada destruction." And we're sure the power outage in the Lincoln Tunnel earlier today was somewhat freaky to feds as well.

The Mayor took the time to make the point that Homeland Security should step up terror funding to NYC, because the FBI is so not finding Internet chatter about bombing the Heartland. Yet.

Photograph by Julie Jacobson/AP