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The Senator Taps Twice

Why IOI has become a four-letter word

Traders Magazine, September 2008

Dan Mathisson

In the most infamous IOI of recent times, Senator Larry Craig of Idaho tapped his foot in the men's room of the Minneapolis airport, looking for a trading partner of sorts. The IOI, or "indication of interest," backfired miserably, resulting in the esteemed lawmaker's arrest for lewd conduct and a subsequent decision not to run for re-election this November. The senator learned the hard way that IOIs are a two-edged sword, and that blindly indicating interest in something that's best kept discreet is not always an optimal strategy.

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