Futures Market Predicting Troubled Assets Relief Act Passed Quickly September 24, 2008Posted by DustinRJay in Uncategorized.
Tags: futures market
The Intrade futures market is currently predicting that there is 73% chance of approval for $700 billion US government bailout (Troubled Assets Relief Act) being approved before the end of the September. Passage of this act will help to reduce risk spreads and LIBOR rates and is seen as essential to preventing systemic risk to the American financial system. In addition, passage of this plan should make it easier for American banks to lend and mitigate damage to the US housing market. Most analysts expect this bill to be approved quickly barring any political interference.