About the bailout being turned down

[ciphergoth]

Intrade have had a market open for a few days on whether the bailout would go ahead by 30 Sep, and it's gone no higher than a 25% chance in the last 24 hours.

On the same page you'll find another market for whether we'll get one by 31 October, and that's still at 76%.

So at least some people who knew that this vote wasn't going to pass think there's going to be a bailout but not yet.

Also, scary fact from spyinthehaus: the cost of the bailout is roughly four times the value of all the gold in Fort Knox.

Comments

[olethros.livejournal.com]

I woke up this morning to the news that the Irish Government has guaranteed both the deposits of all Irish-owned banks, and all money borrowed by them from other financial institutions. This is reported as being €400 billion - that's a couple of times our entire GDP.

BTW, worth keeping an eye on move. It's different to what's being done (or, er, not done) in either the US or EU, so talk on the radio is that it could end up being a template for other countries if it works out.