Big companies concentrated their efforts in recent years on international bets, leaving domestic exploration to smaller oil and gas companies with limited financial resources.
Banks have lost tens of billions of dollars on bad mortgage bets, leaving them reluctant to lend, thus dampening new investments.
UBS, one of the largest Swiss banks, is still trying to rebuild itself after the financial crisis, during which it lost billions of dollars on soured mortgage bets, leaving itself open to poaching from stronger rivals.
Then, as JPMorgan tried to deal with the controversy and the losses, it appears to have dumped nearly $142 billion of bullish bets, leaving them just $10 billion in excess of the bearish ones.
Today, gambling in Omaha is limited to keno, lotteries, and parimutuel betting, leaving Omahans to drive across the Missouri River to Council Bluffs, Iowa, where casinos are legal and there are numerous businesses operating currently.
The Volcker Rule, thoughtful readers will recall, is the part of the Dodd-Frank financial-reform law that prohibits banks from proprietary trading, or using their federally insured money to make big stupid bets, leaving us on the hook to bail them out when it all goes horribly wrong.
Water is the best bet! Leaves you no aftertaste, and freshens your mouth and does not leave you thirsty.
But his bet failed, leaving the government to pay the bill.
I bet people leaving the rally had a very clear idea of which one of them was running for president".
That Rayburn wants to re-emphasize neighborhood betting parlors goes against the conventional wisdom in the horse racing industry, which has been concentrating much of its efforts on account wagering systems that allow people to bet without leaving their homes.
