Wednesday, September 24, 2008

Odds Of Government Bailout By End of Month at 80%

Leave it to Intrade to make a market in anything. The site now has a contract on whether or not Congress will approve a government bailout plan on or before September 30th. The last trade on the contract was at 80, which puts the Intrade odds at 80%. After listening to yesterday's hearings, these odds might be a bit high given the time frame attached to the contract. Hopefully Congress listened to Warren Buffett on CNBC this morning talking about how absolutely necessary it is to get this passed as quickly as possible.

Govtbailout

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Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.