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

[battlekitty.livejournal.com]

Interesting Monbiot article on it... I've heard a lot about it before (studied mainly as applied to energy issues) but a lot of it has never quite gelled 100% in my head - it tends to melt and go soggy around the edges a bit...

I'm waiting for the bank I have shares in in Australia to tank, taking the sum total of my life's savings with it :/