The official who oversaw
a plan for the Pentagon to run a terrorism futures-trading market is resigning
under pressure, a senior defense official said July 31, as reported by The
John Poindexter, a retired
rear admiral who was President Ronald Reagan's national security adviser,
will step down, the official said, following disclosure of a proposal that
angered lawmakers and Pentagon officials.
The plan was to create
an online betting parlor that would have rewarded investors who forecast
terrorist attacks, assassinations and coups.
Defense Secretary Donald
Rumsfeld did not personally dismiss Poindexter, but the defense official
said Rumsfeld agreed that the admiral's credibility was damaged and that
he should leave.