This is capitalism at its best! Now you can bet on odds that the Treasury Asset Relief Program (TARP) bill will pass by the end of this month. Today, Intrade.com, a prediction market platform that was founded in 1999, initiated one more asset on its prediction platform: the passing of TARP. You can buy the odds at 62.5% that the bill passes, down 2.5% from 65%.
I am just relieved that the number is less than 100%. I will hope, no pray, that the odds fall, rather than rise. However, after Paulson’s and Bernanke’s testimonies today, the bill would allow us to bypass a supernova economic threat…..all at the cost of $1,000,000,000,000!