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The Year in Research
Dec 31 20089:13 am EDT -
Mind Your Value Judgements
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S.E.C. Short-Sale Ban: Pretty Much Useless
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Chart of the Day: Money Market Stress Easing
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Spitzer Will Go
Eliot Spitzer hasn't said a word to the media since his apology yesterday, and given that he seemed to draw a clear distinction between any wrongs he'd done to his wife and wrongs done to his state, it's likely that in his mind he doesn't think he should be forced to resign. (Read about his hired legal gun here.)
But as news comes that Spitzer may have had a number of trysts with call girls in recent years, speculation is mounting that his resignation is imminent.
Helpfully Chris Masse points us to three new Eliot Spitzer contracts on Intrade asking whether the New York governor will be out by the end of March, June, or September.
I love that Intrade moved so quickly on this, but since nearly every pundit expects him to step down (much) sooner rather than later, it would've been more interesting if there were contracts on whether he'd be out by the end of today, this week, or next week.
Trading is nonexistent on the latter two contracts, but traders predict that the chances Spitzer will be gone by the end of this month are 85 percent:







