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Letters
Tuesday, December 13, 2005 12:00 AM

Betting on bird flu

A growing market allows investors to make money off of disease and natural disasters. And so far, their predictions have been dead-on.
By A.J. Daulerio

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  • Monday, December 12, 2005 11:22 PM

    Serious Moral Hazard Problem

    I think this market is so dangerous that it must be suppressed. There are people who are so totally unprincipled and totally stupid that they are willing to bet heavily on there being an incident of bird flu in the U.S. by a certain time and then guarantee a payoff by smuggling infected birds into the United States.

    Of course if they die of the bird flu they are not going to be able to take the winnings with them. But there are people who will not be deterred by this.

    —Roland Buck

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