Terror Futures Market
Wednesday, July 30, 2003 | 10:07 AM
in Current Affairs | Finance
Quote of the Day
“When I saw that article the other day about a market being established to bet on the probability of wars, terrorist attacks and assassinations, I dissed it completely out of hand as nonsense, incredible nonsense. All I could think of was what the blotter would look like. Let’s see. I’m short the Osama Bin Laden December ’04 calls, long 2 ambassadors to Middle East countries and have an Iraq/Iran swap on. I’m also considering some North Korea nuclear incident converts, but they’ve gotten away from me lately. “Get me a look at the East Coast Tunnels and Bridges puts, will you?”Huh? It just could not be true. Nobody is that warped. Well, evidently, they are. Big time."
--an anonymous Bear Stearns analyst on the proposed Terror Futures Market (policyanalysismarket.org)
Wednesday, July 30, 2003 | 10:07 AM | Permalink
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