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

[http://users.livejournal.com/_nicolai_/]

Including 2009 spending, FAS reckon the Iraq war is $653Bn, so I agree they haven't quite hit $700Bn there. Including war in Afghanistan they reckon $858Bn to 2009.
My statement will be correct in a year or so. How encouraging.