October 27, 2009
Watching the first 10 minutes of the first two games, the last 10 minutes of the last game, then checking the bankroll after the games, made me feel like McCroskey.
If you’re a UT newbie who thinks he’s feeling some pain, well, you’re not imagining things, this has turned pretty painful. I’ll share an article about this bizarre season (I love Mr. Youmans’ choice of adjective), and be back tomorrow to explain that things really are better than they seem, they just feel bad now. You’ll see. See you tomorrow.
MATT YOUMANS: Rancid teams prove to be bookmakers’ nightmare
…”I can’t remember an NFL season with this many bad teams,” said Las Vegas Hilton sports book director Jay Kornegay, who has been in the business for 22 years. “No doubt, it was the worst day ever for the books.
”We can’t attract money on these poor teams. We keep losing on the same teams. They are not even close to covering.” Keep reading →
October 22, 2009
Not just a big deal that the head of the Bank of England is calling for the break up of big banks in the U.K., it’s noteworthy how honest he is in describing what most of them have become.
From the article:
“The second option might involve preventing banks from combining risky ‘casino’ activities with the basic, utility-type services that they offer, such as providing customers with bank accounts and lending to households and companies. Financial institutions that carry out the risky business could then be allowed to fail without that having an impact on the services crucial to the operation of the economy. This too, has its challenges. For example, history has shown that governments, in the midst of a crisis, have not found it easy to stand behind only the basic services provided to the wider economy if that leaves a risk that the crisis might spread. Whatever the path we choose, we must move away from the world where banks can take gambles, safe in the knowledge that they will be guaranteed by the government.”
EXCLUSIVE COMMENT BY MERVYN KING: Banks’ casino activities must be curbed
http://www.heraldscotland.com/business/analysis/exclusive-comment-by-mervyn-king-banks-casino-activities-must-be-curbed-1.927501