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That strategy, the complaint says, would let BET "evade liability for withholding of taxes from wages of these employees".
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Let your bet ride, if you need to increase the bet.
In "Liar's Poker", his tale of Salomon Brothers in the 1980s, Michael Lewis records the words of a senior trader who worked for Lew Ranieri, the creator of mortgage-backed securities: "At other places management says, 'Well, gee, fellas, do we really want to bet the ranch on this deal?' Lewie was not only willing to bet the ranch, he was willing to hire people and let them bet the ranch too.
It can either let people bet on horse races on foreign websites, or it can outlaw all domestic internet and telephone betting.
BG: Let's bet.
But the swaps also let speculators bet on a debt issuer's default.
This would let foreigners bet on shares without the headaches of owning them.
Such swaps let traders bet on the odds of default (of a corporate or, indeed, a sovereign bond).
"Let's bet on who will last longer, George W. Bush, you in the White House or me in Miraflores Palace," he said.
And that the costs we renters will be paying – let's bet the farm here – will go up appreciably.
The four Rydex Dynamic funds, started in May, let investors bet for or against the Standard & Poor's 500 and Nasdaq 100 indexes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com