Intrade on the Chances of the Bailout Package Passing by September 30

Price for US Government bailout plan to be passed by Congress at intrade.com

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2 comments on “Intrade on the Chances of the Bailout Package Passing by September 30

  1. Mike Watson says:

    The reports I saw were that the Senate would likely vote on Wednesday, October 1. This would seem to go a long way toward explaining the behavior of the chart, since the contract relates to approval on or before September 30.

    Correct, Mike. Harry Reid hinted toward that this afternoon and this market sank like a rock….

  2. Mike Watson says:

    I now hear John Bussey of The Wall Street Journal saying Senate action may occur on Tuesday.