Bookie predicts a riot
New York: first to riot?
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Wednesday, 01, Oct 2008 02:56
As the financial crisis deepens, bookie Paddy Power is taking bets on the first city to riot.
New York, home of Wall Street and at the heart of the economic storm, is the most likely to see civil unrest at odds of 9-4.
Washington is also a likely candidate at 10-3, perhaps with citizens venting their anger at politicians and the widely-hated banking bailout bill.
However, London is not immune, with odds of 9-2.
Paddy Power spokesperson Darren Haines said: "History shows that violence goes hand in hand with a crippled economy.
"If there is a financial breakdown and things take a turn for the worse, riots could happen," Mr Haines added.
High food prices have already caused riots in the developing world, including Egypt, Haiti and Cameroon, while in Italy there have been protests over the price of pasta.
Paddy Power is also taking bets that the credit crisis could lead to Britain backing out of the 2012 Olympics, at 40-1.