London Bankers Placing Bets On Number Of Arrests

The Guardian:

At Coq d'Argent, the restaurant atop the salmon-coloured building at Number One Poultry, next to Bank station, two traders were angry that the police didn't seem to be making any arrests. "The demonstrators are goading the police and hitting them, but they aren't arresting anyone," said one.

"I'll make money if they arrest more than 140," he said. Traders, he explained, were putting spread bets on the number of arrests - with the quoted spread on Bloomberg at 130-140. They were also paying out on deaths and if more than 20 protesters were injured in horse charges. The riots, they said, were only a minor inconvenience: "We've been in this morning, made a lot of money and now are chilling out."

Read the whole story: The Guardian

Comments

[tompoe]

Please don't paint all bankers alike. There are still a few that act like human beings.

[quindy]

Obviously gamblers run the banking system all over the world. Their risk taking ruined us all, but it is very tempting when they use other people money.

[winningticket]

Well these bankster trader hooligans deserve everything that's coming to them.

[petera63]

Gallons of fake blood.

[Oxonian2001]

Wow...they­'re betting on lives and injuries after betting on the market that's cost many their livelihoods?

Every act of violence against these human bacteria is MORE than JUSTIFIED!

[Aabby]

wow- there really are two worlds.

[ebanks84]

These money mongers have no soul if they can gamble of the actual lives of others. That's a sad thing to hear. I don't believe these people are human at all. They must all be reptilians with their ice cold hearts.

[Tulu]

Fleecing the G-20
Fleecing the G-20

April 2, 2009

http://www.ethiomedia.com/adroit/2083.html

he writer, Alemayehu G. Mariam, is a professor of political science at California State University, San Bernardino, and an attorney based in Los Angeles. For comments, he can be reached at gmail.comgmail.com



http://www.ethiomedia.com/adroit/2083.html

he writer, Alemayehu G. Mariam, is a professor of political science at California State University, San Bernardino, and an attorney based in Los Angeles. For comments, he can be reached at gmail.comgmail.com

[wsblake]

Just more soulless arrogance from the "let them eat cake" crowd

[Vaas]

That's a quick and easy way to earn money, but in this gamble some people have to bear the losses. If there are pros, there are cons too. Risk should be avoided at any cost.

http://talk-english.blogspot.com

[Name Not In Use]

I hear they are repackaging the bets into tranches and then creating derivatives with 40:1 leverage.

That's where the real money will be made.

They've also started writing Credit Default Swaps on the derivatives.

So far it's only a 2 Trillion market but the line is already forming at the TARP terminal.

[RealHRCFansVoteObama]

I wonder what they were paying if 2million lost their homes versus 5million.

[Wisdo]

What the peasants are revolting?

If they have no bread (because we took it all), let them eat cake!

Its time madame Guillotine made a reappearance.

Peaceful protest is lovely, but changes nothing. Real change is revolutionary.

[Gripen]

Polis is also angry citizens so why shold they arrest ppl they symphize with. They only arrest ppl that is hurting other ppl also the legal system cant handle to many arrest either.

[munki]

Investment Bankers and not those innocent bankers...

media - please get the history straight..­.

they sold many bankers by showing off 'Return on Investment" to bank customjers and invstors..­.

Catch 22... but I still think unregulated investmant bankers NEED to be regulated.­..

Institutional bankers have reserve requirements!!!