At last, a way to profit from terrorism... - Mothering Forums
Forum Jump: 
 
Thread Tools
#1 of 23 Old 07-29-2003, 12:47 AM - Thread Starter
 
Hilary Briss's Avatar
 
Join Date: Nov 2001
Location: Been there, done that...
Posts: 3,590
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Tired of waiting for your Enron stock to come back? Bored with bonds? If you need a little more excitement in your portfolio, try betting on future terrorist attacks in the Middle East...

From the AP:

Quote:
WASHINGTON - The Pentagon is setting up a stock-market style system in which investors would bet on terror attacks, assassinations and other events in the Middle East. Defense officials hope to gain intelligence and useful predictions while investors who guessed right would win profits.
http://story.news.yahoo.com/news?tmp...rror_market_10

I thought I'd seen everything, but this really takes the cake.
Hilary Briss is offline  
#2 of 23 Old 07-29-2003, 12:54 AM
 
Els' 3 Ones's Avatar
 
Join Date: Nov 2001
Location: An American Gulag
Posts: 3,790
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
They *really* do think it's all fun and games, eh?
Els' 3 Ones is offline  
#3 of 23 Old 07-29-2003, 12:56 AM - Thread Starter
 
Hilary Briss's Avatar
 
Join Date: Nov 2001
Location: Been there, done that...
Posts: 3,590
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I wonder how many "socially responsible" funds will get in on this???
Hilary Briss is offline  
#4 of 23 Old 07-29-2003, 10:06 AM
 
mahdokht's Avatar
 
Join Date: Dec 2002
Location: the growing place
Posts: 4,564
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
*
mahdokht is offline  
#5 of 23 Old 07-29-2003, 10:12 AM
 
EFmom's Avatar
 
Join Date: Mar 2002
Posts: 8,104
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I'm stunned. When I first read this article, I thought it was a bad joke. It's bad but no joke. How could these morons be let out of the asylum, let alone be leading the country?

:Puke
EFmom is offline  
#6 of 23 Old 07-29-2003, 10:13 AM
 
1jooj's Avatar
 
Join Date: Apr 2002
Posts: 5,593
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
And the "winners" will get a sweet payoff--and be interrogated and placed on watch lists by the FBI/CIA, right? SO--are they running out of suspects, and looking for a new pool?

Not a gambler, I, but please...and like El said, it really is all fun and games.
1jooj is offline  
#7 of 23 Old 07-29-2003, 11:01 AM
 
Deirdre's Avatar
 
Join Date: Dec 2001
Location: A Liberal Utopia
Posts: 2,721
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
This is incredibly sick. Perhaps they do need some more suspects. Maybe they are trying to entice more people into the shadowy world of terrorism.....as if the CIA hasn't already done enough in the respect :
Deirdre is offline  
#8 of 23 Old 07-29-2003, 11:13 AM
 
Lemon Balm's Avatar
 
Join Date: Jan 2002
Posts: 313
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Gosh, now that my tech stocks are so low, I was looking for something to do with that money. This looks even better than selling those Iraqi Trading Cards on eBay!:

We must seem awfully juvenile to the rest of the world...
Lemon Balm is offline  
#9 of 23 Old 07-29-2003, 11:46 AM
 
Britishmum's Avatar
 
Join Date: Dec 2001
Location: USA
Posts: 4,345
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Aren't they worried about insider trading? :
Britishmum is offline  
#10 of 23 Old 07-29-2003, 02:16 PM
 
EFmom's Avatar
 
Join Date: Mar 2002
Posts: 8,104
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
It appears that the Pentagon has decided to can this idea. Funny how the decision to pull the plug came within a day or two of its public disclosure. And it seems that the super-swell guy, John Poindexter, was deeply involved in this insanity.

http://www.cnn.com/2003/US/07/29/ter....ap/index.html

And those wacky "fiscal conservative" republicans have squandered $600,000 developing this nightmare. :
EFmom is offline  
#11 of 23 Old 07-29-2003, 04:50 PM
 
Delilah's Avatar
 
Join Date: Sep 2002
Posts: 301
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Has anyone checked to see if Neil Bush is a stockholder of the company developing and running this con game? Afterall, Jeb gave his company the contract to do the student testing in FL. And Neil doesn't seem to be too proud to take taxpayer money as he has done it before in the form of an obviously doomed SBA loan with a huge executive salary that he got to keep.
Delilah is offline  
#12 of 23 Old 07-29-2003, 09:06 PM - Thread Starter
 
Hilary Briss's Avatar
 
Join Date: Nov 2001
Location: Been there, done that...
Posts: 3,590
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
I agree...that was a painfully sick idea...uh Blood money anyone??
I really thought you would've come out in favor of this one, N.M., if for no other reason than as a wind-up for all of us crybaby liberals...
Hilary Briss is offline  
#13 of 23 Old 07-29-2003, 10:06 PM
 
mahdokht's Avatar
 
Join Date: Dec 2002
Location: the growing place
Posts: 4,564
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
*
mahdokht is offline  
#14 of 23 Old 07-30-2003, 11:00 AM
 
RowansDad's Avatar
 
Join Date: Mar 2002
Location: Melrose, MA
Posts: 8,477
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
This pretty much somes up this idiocy: http://www.ucomics.com/danwasserman/
RowansDad is offline  
#15 of 23 Old 07-30-2003, 12:38 PM
 
merpk's Avatar
 
Join Date: Dec 2001
Posts: 14,887
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
... by Britishmum
... Aren't they worried about insider trading? :
merpk is offline  
#16 of 23 Old 07-30-2003, 05:02 PM
 
Deirdre's Avatar
 
Join Date: Dec 2001
Location: A Liberal Utopia
Posts: 2,721
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Rowans Dad, Britishmum

:LOL :LOL :LOL
Deirdre is offline  
#17 of 23 Old 07-30-2003, 08:39 PM - Thread Starter
 
Hilary Briss's Avatar
 
Join Date: Nov 2001
Location: Been there, done that...
Posts: 3,590
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
You know, when I think about it, this kind of scheme would probably promote additional heinous acts, not prevent them. If you could make money by placing a bet that something would happen, and then you could take steps to insure that it happened, wouldn't you do it? This program could end up being a terror network fundraiser. Those guys in the Pentagon are definitely smoking crack again. :
Hilary Briss is offline  
#18 of 23 Old 07-30-2003, 11:55 PM
 
Els' 3 Ones's Avatar
 
Join Date: Nov 2001
Location: An American Gulag
Posts: 3,790
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Well, wasn't something like that done around 9/11? I remember big moves in airline shorting just before the day were reported and the search was on to find out who profited.
Els' 3 Ones is offline  
#19 of 23 Old 07-31-2003, 12:26 AM - Thread Starter
 
Hilary Briss's Avatar
 
Join Date: Nov 2001
Location: Been there, done that...
Posts: 3,590
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Yeah, I remember hearing that UAL and AMR had been shorted big time, pre-9/11, but I think they kind of dropped the investigation, or it petered out. Given the short attention span of these guys, it wouldn't surprise me if they just moved on to something else, or
Hilary Briss is offline  
#20 of 23 Old 07-31-2003, 10:38 AM
 
Els' 3 Ones's Avatar
 
Join Date: Nov 2001
Location: An American Gulag
Posts: 3,790
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Yes. Keeping quiet....................

I really do want to know what is in those censored pages of the 9/11 report.

Smoke and mirrors again.



El
Els' 3 Ones is offline  
#21 of 23 Old 08-04-2003, 10:01 AM
 
RowansDad's Avatar
 
Join Date: Mar 2002
Location: Melrose, MA
Posts: 8,477
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Interesting piece on DARPA, the folks who brought us this loony idea (as well as the Internet):
http://www.boston.com/dailyglobe2/21...g_DARPAP.shtml

Includes this pretty funny line: ''We already have a technology that cheaply, effortlessly controls people,'' said Koch. ''It is called television.''
RowansDad is offline  
#22 of 23 Old 08-04-2003, 08:35 PM - Thread Starter
 
Hilary Briss's Avatar
 
Join Date: Nov 2001
Location: Been there, done that...
Posts: 3,590
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Floyd Norris had a good column about this subject in the Times yesterday. He mentioned that they never uncovered any solid evidnece about airline stocks being shorted pre-9/11. Also, as it turns out, there is already a way to bet on future world events, at http://www.tradesports.com

You can place bets on Osama bin Laden, Iraq, et al. So it appears that Poindexter and the rest of the brain trust that cooked this up are not only guilty of bad taste, but quite possibly of plagiarism as well...
Hilary Briss is offline  
#23 of 23 Old 08-04-2003, 11:05 PM
 
RowansDad's Avatar
 
Join Date: Mar 2002
Location: Melrose, MA
Posts: 8,477
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Actually, I've read that the project was based on the work of Nobel Prize-winning economist and similar to the Iowa Electronics Market: http://www.biz.uiowa.edu/iem/.

Here's another article somewhat sympathetic to the DARPA snafu:
http://www.boston.com/dailyglobe2/21...rogramsP.shtml

Here is a link to a pretty interesting segment on the subject on The Connection: http://www.theconnection.org/shows/2...804_a_main.asp
RowansDad is offline  
Reply

Quick Reply
Message:
Drag and Drop File Upload
Drag files here to attach!
Upload Progress: 0
Options

Register Now

In order to be able to post messages on the Mothering Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
If you do not want to register, fill this field only and the name will be used as user name for your post.
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



User Tag List

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page


Forum Jump: 

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off