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[Ilan Volow <listboy AT clarux.com>]

On Tuesday, July 29, 2003, at 10:49  AM, Simon Spero wrote:

> This is a lot like Jim Bell's "assassination politics" theory.  He 
> went to jail for it (well, sort of).
>
> This program is basically a way of federally subsidizing terrorism; if 
> you're a terrorist, you know who your targets are, and when they're 
> going to be hit.  As long as you make sure you only buy futures on 
> your targets seconds before the strike begins, you get the best prices 
> without tipping your hand (or, since futures can be highly leveraged, 
> you can set up diversions by making large bets on non targets.

The really scary thing about a terrorism futures market:  if insider 
trading becomes a necessary terrorist skill, how soon before we start 
to see Martha Stewart setting up training camps in Afghanistan?

Assuming she hasn't done so already.

--Ilan