With Wolfowitz gone, the World Bank gets betting
The president of the World Bank, Paul
Wolfowitz, announced that he will step down and the White House
stated they will replace Wolfowitz soon.
you did not know, Mr. Wolfowitz decided to resign from the post
of president of the World Bank, after the scandal, accusing him
of giving his girlfriend, also a World Bank employee, a big
raise and an easy passage on the corporate latter. Wolfowitz
will remain president of the Bank until June 30th.
Following the scandal and resignation of Mr.
Wolfowitz, we were alerted that the online betting website
Bodog (opens new window) has
posted political props for the next president of the World Bank.
If you follow the US political scene, now you have the chance to
bet on the next WB president. This could be an excellent chance
to win some money, as no one should let an online oddsmaker get
a free ride with the odds posted.
The first and probably the most secure bet is
will The World Bank break with tradition and appoint a Non U.S.
Head of the Bank? Although the odds posted for "yes" are only
"even", the White House has reiterated that the next president
of the World Bank will be American, as it has been since its
foundation in the 1940s, which makes this bet - money in the
The question which American candidate will be
chosen to lead the World Bank also has some good betting odds -
Stanley Fischer and Robert Zoellick seem to be the favorites for
the post with odds 3/1. According to the bookie, the underdogs
are Henry Paulson with odds 11/2 and Paul Volcker with 7/1 to
become the next World Bank president.
And just to be funny, the bookmaker is giving
Tony Blair 6/1 odds to become the first non-American World Bank
11th president, and of course, Bono (yeah, the singer) is
holding on to 50/1 odds for the same job description.