Holders of YES shares in this market agree to the Joint Underwriting and Mutual Bailout for Loans and Economic Stability (JUMBLES) Tumbles Asset Relief Program (TARP). That means they consent to JUMBLES investors purchasing their Tumbles Financial Complex (TFC) debt for 30% of the entitlement if this market resolves YES.
This market resolves YES if and only if all holders of TFC debt (listed on the ledger at https://manifold.markets/Tumbles/will-tumbles-ever-be-late-to-pay-ba) hold YES shares in this market.
If this market resolves YES, JUMBLES investors will purchase all TFC debt at 30% of the entitlement. This debt, now held by JUMBLES, will be fully forgiven, causing https://manifold.markets/Tumbles/will-tumbles-ever-be-late-to-pay-ba to resolve NO. The proceeds of this resolution will be distributed back to JUMBLES investors to cover the costs incurred in executing the bailout.
For the purposes of the above, "Holders of YES shares" includes anyone who holds more than 0 YES shares in this market, as well anyone who has held them within the last 24 hours. That is, there is a 24 hour notice period to withdraw consent to the bailout.
JUMBLES dashboard: https://manifold.markets/news/jumbles
TFC creditors currently agreeing to TARP: 9/45
TFC debt held by those creditors: Ṁ769,464/Ṁ1,851,199
1,000People are also trading
It's come to JUMBLES attention that this market description was unnecessarily broad and would entitle debt purchases in parts by JUMBLES investors, which was not our intention. The description has been updated accordingly, new addition in bold, to ensure faithful YES holders are not forfeiting their ability to negotiate a higher price than 30% while the bailout is being negotiated:
Holders of YES shares in this market agree to the Joint Underwriting and Mutual Bailout for Loans and Economic Stability (JUMBLES) Tumbles Asset Relief Program (TARP). That means they consent to JUMBLES investors purchasing their Tumbles Financial Complex (TFC) debt for 30% of the entitlement if this market resolves YES.
I'm not going to sell my shares or my 6000M mana loan.
If this market resolves YES, JUMBLES investors will purchase all TFC debt at 30% of the entitlement. This debt, now held by JUMBLES, will be fully forgiven, causing https://manifold.markets/Tumbles/will-tumbles-ever-be-late-to-pay-ba to resolve NO.
How does this cause that market to resolve NO? Doesn't Tumbles still owe Manifold staff 1.4 million mana?
@CollinMatthews that loan was reclaimed alongside his fine for the financial crimes, hence his extraordinary negative balance
Update: I have sold my debt, this no longer applies
I am forcing this market to resolve NO unless someone outbids 1110 mana for my debt