My bill will bring 100 percent transparency to our financial markets, prevent future bailouts and, most importantly, protect Main Street.

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“-Senator Blanche Lincoln of Arkansas, the Democratic chairwoman of the Senate Agriculture Committee, is expected to introduce derivatives legislation on Friday that is far stricter for banks than Wall Street had anticipated.“-

The Real Arithmetic Of The Health Care Reform

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The Real Arithmetic Of The Health Care Reform –- NYT –- by a former CBO director.

Required reading for Paul Hewitt. :-D

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Prediction Market Chart

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ADDENDUM

More info on health care reform on Memeorandum, Politico and Slate.

Nate Silver: InTrade probability on ObamaCare is quite right.

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Nate Silver:

I’-m not sure if you should particularly care about the little 5 or 10 point hedges (usually to the pessimistic side) that I’-ve periodically been recommending around the Intrade contract on the chances of reform passing. Even if you staffed a whole room full of the smartest vote-counters, modelers and analysts and had them work 24/7 on trying to beat the Intrade contract, I’-m not sure if they could come up with anything sufficiently rigorous to provide them with a real advantage. (That doesn’-t necessarily mean the market is “-efficient”-, but we’-ll save that conversation for another day.) But for what it’-s worth, the Intrade contract, which is trading at 75 percent right now, now looks about right to me or perhaps even a hair pessimistic.

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Prediction Market Chart

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ADDENDUM

More info on health care reform on Memeorandum, Politico and Slate.

The United States and the European governments will default on their debt, eventually – dixit Marc Faber. [PREDICTIONS]

Singapore is the safest.

2:15 into


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Via Joe Weisenthal