Pentagon's Futures Market Plan Condemned

"Paul Ely" wrote:

"transputer" wrote in message
. ..
WASHINGTON - The Pentagon (news - web sites) 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.
snip


http://story.news.yahoo.com/news?tmp...rror_market_10


In the wake of Enron and WorldCom scandals, had anyone looked at the
repercussions of 'market manipulation' in such a scheme?

After all, isn't speculation of this sort already the exclusive domain of
the Carlyle Group?

'Smacks of the derivatives transactions pre-9/11. Lovely if you're
the actor.

Grantland