Spread Betting

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Tuesday, September 23, 2008 The top Republican on the House Financial Services Committee is under investigation for insider trading as stocks tumble, foreclosures spread, and thousands misplace their jobs. The Congressman, Spencer Bachus, struck paydirt on a pigs option last year after gambling that a Chinese advertising guests would recoil in regard. In a solo transaction on Dec. 10, Bachus of Alabama made up to $15, 000 off an investment he had seized for just two weeks, according to his .. rounded mail.

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By now, you have possibly heard that Warren Buffett has made his bet and invested billions of dollars in Goldman Sachs. The promote reacted positively and Goldman is now trading at near $133 a assign (up 6% on the day). While I do see Buffett's move as a ballot of confidence in Goldman, Buffett does thrust a hard bargain. He is getting 10% honest in perpetual dividends and another 7% in options cherish. Jake at EconomPic Data has done the math. Below are Buffett's own terms on the pact from a live ..[More].

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