Ray of Hope?

Writes Nick Bradley:

InTrade’s futures contract for passage of the bailout package indicates that the bailout has failed (for now). At about 7:30 EST last night, the price for the contract surged from 20 all the way to 80, only to crash about 45 minutes later and flatlined in the high teens (heavy volume). The terms of the contract are for passage by September 30th.

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8:40 am on September 29, 2008