Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Wednesday, September 24, 2008
The US taxpayer bailout of lending institutions should approximate Warren Buffett's bailout of Goldman Sachs
i.e. preferreds pay 10%, plus warrants equal to preferreds infusion.
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