Coakley’s Stock Drops


Price for Winner of Massachusetts Special Election (to replace Ted Kennedy) at intrade.com

That’s a pretty dramatic swing in just a few days. I guess there’s still some time to buy/sell before Election Day if anyone wants to make/lose some quick cash on this race.

Manipulating the Price of Now

“Senate Banking Committee chairman Chris Dodd, who is fighting for his political survival, proposed Monday an immediate interest rate freeze on the estimated 700 million credit cards in circulation.” (USA Today, Tuesday)

My question: Does Chris Dodd believe that pushing the price of credit (interest rates) to below-market rates had anything to do with our current financial crisis?