They would be first second or third without doubt. A Union Jack involved 9 horses set out in 3 lines. I never saw a Union Jack win more than it had cost for the stake.

I have other uses for my time. When he could, he bet a significant amount – more than I earned in a week.

I had a fright once, when my horse came in fourth. The horse that was certain to win was in the centre, because it was in four trebles.(vertical, horizontal , and the two diagonals). If you bet 10 each way at 20 to 1, your “win” 10 might lose but your “place” 10 might win 50.

Quite a few were pattern betters. He would come in at lunch time and bet, and come in to collect the next day if he won. I noticed one punter used to bet on Patents where all the horses were at high odds. Fortunately the first horse was disqualified, so I got paid. Not only did he bet with long odds, all the horses were “each way” bets, which meant that quite often he was successful even though every horse came second or third.

Some did single bets to win only.

Quite often the odds were too short for my “each way” bet to return a guaranteed profit, so I did not bet.

His other problem is that he did not know the odds. If only one won he more than recovered his stake. He might see a horse forecast of 20-1 which actually started at 3 – 1, which was potentially disastrous.

Charlie’s variation

I decided that betting at “starting price” when I did not know what the starting price would be was potential suicide. If all three won, he won so much that sometimes the shop manager paid him by cheque because we did not have enough cash in the betting shop.

Betting Systems

I noticed that many punters used the same system all the time.

I never found two horses I was red hot confident on, let alone three!

I had a system, the system worked, but I got fed up with a system that required such self discipline.

Good luck!

A Yankee involved 4 horses and a Super Yankee 5 horses. Depending on the number of horses in the race you might win between a third and a fifth on your original stake. The corner horses were in 3 trebles (horizontal vertical and one diagonal).It was called Union Jack because if you draw straight lines for the trebles you form a Union Jack pattern. I recognised that betting on three horses was potentially very profitable – but only if the horses did well.

Nowadays I could do telephone betting from home, but if you are too successful the bookies bar you.

A Patent involved 3 horses. There were whole weeks when he did not come in, because he could not predict 3 horses at good odds. He had to bet “starting price” but had no idea what the starting price would be. If the odds were good I would place my “each way” bet, and if they were not, I did not bet.

To my mind, there was enormous difficulty in working out 3 or 4 or 5 horses which were all likely to win on the same day. They always did a Patent or a Yankee or a Super Yankee or a Union Jack.

I would look at the runners and look at the form book. An “each way” bet is two bets – one for a win and the other for a place including first.There was a formula.for the odds for a second or third on an “each way” bet. Provided the odds were good an “each way” bet was guaranteed to make a profit even if the horse did not win.

My horses never won – but I did

On my day off, if I had identified a horse that would end “in the frame”, I would go to a bookie and wait for the odds to come from the racecourse. The bets were all trebles. If this system works for you, and you want to show your appreciation, please make a donation to the Injured Jockeys Fund.. The pattern betters seemed unable to change their patterns, so their last horse was usually a loser.

A successful better

I studied the punter who won on Patents. Others did single “each way ” bets only. Quite often it was easy to find a horse that was likely to win, but the odds were poor because it was an obvious likely winner.

The temptation to bet just because I was in a betting shop was strong. I always won.My horses never did.

Why stop?

I got tired of going to the betting shop, waiting for the odds, and going away without bettimg.

I decided to look for horses that were likely to finish “in the frame”. The newspapers carried betting forecasts but these were often wildly out. The bets were a treble, 3 doubles, and 3 singles. Once you start doing that you are just a punter.

One of his difficulties was that he worked

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A few instructions for surviving in the Sports Betting Pools

Today online sporting events are becoming popular with the pools to become easily accessible, manageable and safe. 888sport, Party bets, Betfair are a few of the well known and reliable bookmakers.

oSign up with a pool which provides attractive joining bonus for every newcomer.

oAnd lastly focus on the game you have put your money on and put in your money in little parts rather than shelling it all out on one single bet to minimize the risks involved.

Getting involved in the NFL games, hanging in there on the basis of your knowledge and becoming the single survivor or champion of the NFL pool would be not only be a good proposition to anyone playing the game but is also a great entertainment alternative. There are huge followers who are searching the websites for tips to win big cash pools. Added to this there are other returns like ascertaining their positions and customizing their pool size with pressures about score prediction.

Depending on the amount of players or participants you are deciding to pull in you can fix the entrance fee .The real thrill and enjoyment in Sports Betting Pools can be enjoyed by your friends and family at economical prices.

By: adampaul

Article Directory: http://www.articledashboard.com

Adam Paul is an author for bestdamnpools.com, one of the best sports pool site. The NFL Survivor Pool is a simple game wherein the only main rule is that the player who stays the longest and predicts the frontrunner wins the game or becomes the champion in the end.

The NFL Survivor Pool is mostly used because there are fewer teams participating and they have a huge following. Here are a few tips to help you get a grip over the NFL Survivor Pool:

oA good online guide will help you start off your betting online.

oMake sure that the bookmakers chosen by you have registered with the government and are abiding to the strict laws laid out by the government to safeguard the players interests.

There are innumerable number of websites offering betting for visitors on MLB pools, NBA and NFL pools. This goes on until only one player is left in the betting pool and he would be the winner or the champion of the game.. However these Sports Betting Pools can be custom-made to work under several other occasions such as the college league etc., In this type of pools you have to predict the winner of the week and if the team you predicted had won the game then you move on to bet on the team next week .If you had not succeeded in predicting the winner then you are out of the game. These online betting sites provide various pool formats which can be used for recording the scores and organizing the websites without any difficulties. He is writing articles on nfl survivor pool from past 2 years.

oSearch for the list of online sports bookmakers with untarnished records as these bookmakers help us in taking calculated risks on the game we like

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There are also two aiming targets in the 2-4-6 system; the strike aim and the 10-pin aim, used for all the spare combinations. In these instances, moving the feet can create problems in the 3-6-9 spare system.

If a player has a strike-line (the yellow line) of 17-10, then that player can deliver the ball two more boards inside in order to knock over the next pin(2-pin for right-handed players, and 3-pin for left-handed players). Two starting positions are used on the approach in the 2-4-6 spare system. Sometimes players aren’t able to move their feet because the ball return may be in the way, or the player might be playing on an end-lane, which is near a wall. Using the system can help players become more confident in there “spare-getting” abilities. The two starting positions in this system are the strike starting position and the 10-pin starting position.

The use of the 2-4-6 system is applicable on all lane conditions, so players don’t have to worry about any problems that might arise when trying to pick up spares. In the 2-4-6 system the feet are not moved opposed to the 3-6-9 system. . In this system the feet remain in the same place, and players must visually adjust the target. The starting position will remain the same, but the target will change depending on the spare that must be made. However, using the 2-4-6 method is the best way to avoid problems, and to accurately pick up spares in all conditions. The 3-6-9 spare system is the most commonly taught system, but the 2-4-6 system may be the most accurate system for picking up spares. The targets should always be moved, but the feet should remain in the same starting place each time. For left-handed bowlers are trying to pick up the 10-pin spare, the target arrow should be moved six boards to the right. The spare system can give bowlers many advantages. The left-handed players who start from the far left side of the approach are able to use the 2-4-6 system effectively. Also, like the 3-6-9 system players can adjust the movements to fit their own personal bowling style, and create the most accurate way of picking up spare.

The 2-4-6 spare system is also known as the Swedish Spare System, and is usually recommended for advanced bowlers. The system is not as widely used as the 3-6-9 spare system, but it is one of the most popular basic spare systems. Like the 3-6-9 system, players must adjust off the corner-pin line to pick up their spares on the other side of the lane. The 2-4-6 system is not simple, so it is most commonly used by professionals. If the player is trying to pick of the 3-pin spare, then the target should be moved two boards to the right. Players should visually target the two, four, or six boards off of the key line in order to pick up spares. The 2-4-6 spare system also works for left-handed bowlers. A four-board shift in the target will knock over the 4-pin(6-pin for left-handed bowlers), and a six-board adjustment will knock over the 7-pin(10-pin for left-handed bowlers). When players are trying to knock down the six-pin, the target should be moved four boards to the right. When using this system for picking up spares, the bowler must be able to bowl on the arrows, and able to bowl on the boards between the arrows.

All players that use the 2-4-6 system should not move their feet, if they want to pick up their spares effectively

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Serious Contenders

Italy is one team that can go all the way here. They are ranked 3rd, and not without reason.. They have won 3 World Cups, ranked 2nd, and going by their current form, they look like the team to beat. Cristiano Ronaldo is currently the best footballer in the world, and he will be more than keen to take his team right through the tournament and make champions out of them. Spain has as good a chance for 2 very good reasons. They have won the most titles till date, but the main factor in their favor this time is home advantage. They are the defending champions, besides also winning the Euro championshipsthe only team to achieve this feat.

Group B

Group E

Disclaimer: This Buzzle article is solely for entertainment and information purposes, and does not in any way promote the concept of betting.

Group A

Fixtures

7

Braslia

(Estdio Nacional Man Garrincha)

Capacity

70,000

Fixtures

5

Group G

Fixtures

4

Curitiba

(Arena da Baixada)

Capacity

44,000

Group H

The Dark Horse

No one might give them much of a chance, but Portugal is definitely a dark horse capable of pulling off the unexpected. In short, they’ll be unnoticed at the start, but make their presence felt more and more as the tournament progresses. The only other time the tournament was held on their shores, they were runners-up. Football, also known as soccer, is the most popular sport on the planet, with a fan base of 3.5+ billion people worldwide. Germany too are right up there as favorites. They have won the World Cup 4 times, only second to Brazil, and know what it takes to reach the top.

Cuiab

(Arena Pantanal)

Capacity

43,000

Fixtures

6

Group F

So, who do you think will win the World Cup? Vote for your favorite team in the poll below.

Belo Horizonte

(Estdio Mineiro)

Capacity

62,500

Fixtures

4

Fixtures

5

Fixtures

6

Porto Alegre

(Estdio Beira-Rio)

Capacity

51,000

2014 World Cup Favorites

Fixtures

6

Fortaleza

(Estdio Castelo)

Capacity

65,000

Fixtures

6

Recife

(Arena Pernambuco)

Capacity

46,000

Fixtures

7

Favorites

Brazil has to be one of the favorites for this World Cup. And then there is Argentina, who have won this tournament twice. Nevertheless, keep an eye on them too throughout the tournament. Half the planet will be tuned in to the extravaganza, which is the most watched sports tournament in the world. This does not mean that they will just come and go! Mind you, some are more than capable of beating the best, but only on their day.

GROUPS & ODDS

PREDICTIONS

VENUES

2014 will see the 20th edition of the FIFA World Cup, a tournament which started way back in 1930. Fixtures

4

Rio de Janeiro

(Estdio do Maracan)

Capacity

77,000

So Paulo

(Arena Corinthians)

Capacity

68,000

Punching Bags

Without naming the rest, let’s face it, they hardly stand a chance of winning the World Cup. Besides, they are the current number 1 ranked side in the world, and since quite some time, may I add. Let’s have a look at where the matches are being held, the 8 different groups, and the top contenders for the coveted title of FIFA World Champions 2014.

The Brazilian Samba!

Brazil has appeared in each and every World Cup, having won it 5 times, more than any other nation.

INDEX

Venues

Natal

(Arena das Dunas)

Capacity

42,000

Group C

(12 Host Cities, 32 Participating Nations, 64 Matches)

Group D

Salvador

(Arena Fonte Nova)

Capacity

56,000

Copa do Mundo da FIFA Brasil 2014

Fixtures

4

Manaus

(Arena Amaznia)

Capacity

42,500

Outside Chance

Netherlands, England, and France are three teams who have the potential to win the most coveted trophy in soccer, but more often than not falter just before the final hurdle

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GODS SPEED,MR FRAZIER!”

Heavy D also pursued an acting career, which included mostly roles on TV shows and movies.

Heavy D’s rapping was featured on Janet Jackson’s 1990 hit “Alright.”

Story highlightsHeavy D died in the ER at Cedars-Sinai, the coroner’s office saysBeverly Hills police were called to his home at 11:25 a.m. Heavy D’s last Twitter message, posted late Monday, was: “BE INSPIRED!”

He used his Twitter account Monday night to express sadness about the death of boxer Joe Frazier:

His hip-hop recording career began in 1987 with his group Heavy D & the Boyz and on his first album he released the hit single “The Overweight Lover’s in the House.” Another one of his breakthrough hits came in 1991 with a remake of the O’Jays’ “Now That We Found Love.”

He rapped on Michael Jackson’s 1991 hit “Jam,” which he performed at last month’s Michael Jackson tribute show in Cardiff, Wales.

Heavy D, whose real name is Dwight Arrington Myers, was found conscious with difficulty breathing at his home after police were called there at 11:25 a.m., the Beverly Hills police said in a news release.

His last CD, “Love Opus,” was released this year.

He was pronounced dead in the emergency room at Cedars-Sinai Medical Center on Tuesday afternoon, according to Los Angeles County coroner’s operations chief Craig Harvey. truly one of the best heavyweight champs that ever lived.. The cause of death has not been determined, Harvey said.

He also composed and performed the theme songs several television shows, including “In Living Color,” “MADtv” and “The Tracy Morgan Show.”

He played a courthouse guard in the Eddie Murphy film “Tower Heist,” released last weekend.

“SMOKIN JOE FRAZIER..RIP.. Tuesday, police sayHe performed last month at the Michael Jackson tribute in WalesThe rapper’s real name was Dwight Arrington Myers

Rapper Heavy D collapsed in his Beverly Hills home Tuesday morning and died a short time later at a Los Angeles hospital, according to police and the coroner. He was 44.

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It’s a nice little bonus and a great way to get started. Sporting Bet is one of the most popular online betting operations out there. The bookmakers don’t always get it right. The skill is in looking for weaknesses in the line. Punters can start betting online without having to even stake a penny of their own money. They can bet from the comfort of their own home, or even bet on the move with a mobile phone. Their sports betting covers the big wide world of sports. Sports fans don’t have to take trip down to the betting shop. It’s a great way to liven up a big event like the Grand National or the FA cup final. Others like a punt each Saturday. It’s where serious fans and punters come to bet.

Just think what could happen in a big match or race. Sports fans can pit their knowledge and wits against the bookmakers and potentially win big.

New customers signing up at the site can qualify for a Sporting Bet free bet. Sporting Bet cater for real sports fans. There’s no catch, just free credit simply for signing up. Just sign up for a new account to claim that free credit and start betting online.

. For punters looking for great odds, a huge variety of sports to bet on and different ways to bet, it’s all here. That Sporting Bet free bet could lead to a big win. Not all online sports betting sites are the same. Handy when receiving that hot tip.

Sports betting makes things a bit more exciting. Some people just like to bet on show piece sporting occasions. No matter what people want to bet on and no matter where in the world that event is taking place they can get odds from this bookmaker

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Theres no shame in walking away.

Sports betting is estimated to be close to a $400 billion industry around the world. No single outcome can cause a dent on his balance, whether positive or negative. You cant be a long-term punter if you run out of cash.

A bettor who mismanages his cash is likely to undergo financial hardship, stress, and life difficulties. In horse racing, the vast majority of Thoroughbreds, even those considered favourites by tipsters, are statistical underdogs.

By making appropriately small bets on any single game, a bettor diversifies his exposure and thus lessens risk. Thats because each runner faces a large field of seven to nearly two dozen competitors. Here are some tips for managing your bankroll:

Never risk more than 2 or 3 percent of your bankroll on a single meeting. There are ups and downs. By placing small bets, the gambler is able to withstand these short-term swings and losses. For punters, the most crucial skill to have in the long-term is the ability to manage one’s bankroll, according to tipping site Inside Gambler.

Sports betting involves variance unpredictable swings in winnings and losses that can be dominated by short-term variables. If you go through a negative downswing, youll have plenty of cash left to continue playing comfortably, and to experience an inevitable positive streak.Dont chase losses. With diversification, the player is then able to make wagers over the long-term.

This strategy is even more crucial in sports that have multiple players or teams competing in a single event, according to Inside Gambler. Punters can learn from the most important principle in investing in the stock market: diversification. However, skilled betting gives you the opportunity to make profits over the long run. Thus, it is unwise to make huge wagers on a single race.. Dont be a moth attracted to flame.Remember that its a game of variance. If you lose, live to fight another day

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If you have the money, it may be worth it to spend an entire day at a high end sports bar, but someone like me who is visiting Vegas on a budget, I’ll gladly spend my money there in other ways and watch the games somewhere else that charge an admission price.

There are so many places to enjoy a sporting event all around Las Vegas, not just on the strip. My trip began last Saturday, October 3. I hoped to arrive in time to place a bet on the Buckeyes game against the Indiana Hoosiers. I won’t place any bets on that one though.

NFL football kicks off at 10:00 a.m. There are many sports themed restaurants and bars like LaGasse Stadium inside the Palazzo Hotel and Casino for example. Well I guess the old saying what happens in Vegas stays in Vegas is true when it comes to my hard earned money.

Bally’s happens to be one of my favorite places to watch football on an NFL Sunday in Las Vegas. Las Vegas time. You see just about every team jersey represented by fans either just wanting to watch their team, or place bets on multiple games throughout the day. No, I was not up early enough for kickoff and I wasn’t pulling an all nighter after waking up early on Saturday for my flight. I just wish more money came home with me. You can be cheering with fans watching a big play happening on screen number one and arguing with the officials over a missed called on screen four at the same time. Hopefully, I can cross that off my Las Vegas to do bucket list next year. I did not and I’m glad I didn’t contact a friend who lives there to put a bet for me before kickoff. normally in Las Vegas, and yes I had my seat to watch a bunch of games that involved teams I have no rooting interest in except for fantasy football and monetary reasons. games to everyone back here in the Eastern time zone, at the Sports book at Bally’s hotel and casino. You can sit in one of ther many sports books inside any of the casino both on the strip or downtown.

This past Sunday, October 4 was a rare NFL Sunday in Las Vegas. Since the first game of the day was the Miami Dolphins and New York Jets game from London, England, gametime was at 6:30 a.m. I just spent the last five days in Las Vegas. If I did, my trip would already be off to bad start financially and I have not touched down at McCarren Airport yet.

It’s hard to believe that a city that doesn’t have a professional sports team would be a terrific vacation destination for sports fans, but ‘Sin City’ could also be called sports paradise. slate of games, 4:00 p.m. I spent the morning through the end of the 1:00 p.m. Their sports book has five movie screens that cover the length of the sports book, each one airing a different game. Right across the way from the Bally’s sports book is a food court that offers a variety of football food options for a decent price considering it’s inside a Las Vegas casino.

I can’t say I have even been there for Super Bowl weekend or the first weekend of the NCAA tournament, but a buddy of mine who lives in Las Vegas says it’s two of the best weekends of the entire year out there. The only catch, places like LaGasse Stadium charge a fee to watch games at certain times like NFL Sundays and that doesn’t include food or drink. Kickoff of gameday is always earlier in the western timezone, but not usually at the crack of dawn. I was up by halftime, but I talked with some Dolphins and Jets fans who were up, or never went to bed, and didn’t miss one second of the game.

Anyways, it’s fun to spend a football weekend on the Las Vegas strip, no matter what team you are a fan of. It’s one of the bigger sports books along the Las Vegas strip and it is very popular among average sports fans who like myself don’t want to spend big bucks just to watch football.

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Of course, with this type of wager, one needs to be seriously adventurous. It can be a complicated formula, but if you are interested in arbitrage betting, we encourage you to read up on the subject. Well, yes, it is legal, although some bookmakers will not take your bet if they suspect arbitrage betting. Now, were not going to go into the math here, as it can be long and somewhat complicated, but trust us when we tell you that arbitrage betting situations can and do exist all the time. It is these types of free-thinking bookmakers that allow for heavy arbitrage betting taking place. And thats where your friendly independent bookmaker comes in.The ones that will tend to go against the grain and give odds on what they personally think, and not the established odds. This is also referred to as a sure win bet.. Therefore, what is arbitrage betting, exactly? This type of betting means that when it comes to a sporting match, the gambler places a wager on several aspects of the match, with different bookmakers. Win, lose, low point spread, high point spread, you name it. Any type of sporting event that has a gambling factor to it, there is always some kind of interesting and unusual bet that can be made.

One of the more daring wagers that a bettor can do is called arbitrage betting. And if that happens, depending on the difference and the bets offered, one could feasibly bet both sides of an event with competing bookmakers, and guarantee a small profit no matter who wins. While this sounds like an insane waste of money, the idea behind it is that, regardless of what is being bet, the bettor is still going to get a profit no matter who wins the game. Successful sports betting takes a feel for the game youre betting on, a lot of knowledge about injuries and trends, and an understanding of the odds. The basic premise is the odds between two bookmakers may differ. Combine all of those, and you might just come out on top. And, of course, bet enough money and a small profit becomes a big one. But in the modern world of sports betting, we have even more tools at our disposal than ever, and not taking advantage of them means youre not doing everything you can do to win. The big key to arbitrage betting is to find differing odds amongst different bookmakers. Nowadays, there are an unlimited number of computer simulations and formulas designed to rank and rate teams in just about every sport you can think of and with a little thought, its easy to see how you can utilize them when making sports picks. However, its not something that is heavily guarded against, as in general terms, each bookmaker still feels they win in an overall sense after all, you are just playing their odds you win on the differing numbers between bookies. It usually takes a hefty cash layout to participate, but, if you feel its a sure thing, well, why not? If you are sporting enthusiasts, and you would like to put a little wager on some event or think that you can predict successfully, then you can earn some bucks by using the arbitrage betting systems.

Learn about sports bettingand sports betting optionsat BonusBonusBonus.com.

Sports betting have always been part art, part science

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Why? Because merely deleting the word “guarantee” does not mean that the foreign affiliates are not guaranteed or, as we at Better Markets call it, de facto guaranteed by the U.S. taxpayers. government, which ended up having to provide $185 billion in a series of bailouts. Remember AIG? It was a gigantic insurance company based in New York, but did its credit default swaps (CDS) gambling in “light touch” London in the years leading up to the financial crisis. taxpayer. Those government and U.S. bank and expect the U.S. U.S. taxpayer bailouts to Citi totaled almost $500 billion, more than any other single institution (and Citi remains the only too-big-to-fail U.S. As the Levinson investigative report points out, so far the CFTC and the SEC have failed to protect taxpayers as the law requires. bank to stand behind the foreign affiliate regardless of a deleted word. Why? Because the U.S.-based bank directs its customers, clients and counterparties to its purportedly non-guaranteed affiliate overseas which always not coincidentally uses the same name as the U.S. laws and regulations.

For example, this is exactly what Citigroup did in the middle of the 2008 financial crisis when it took $59 billion in assets back onto its balance sheet from non-guaranteed so-called “bankruptcy remote” SIVs that it had created and sponsored years before. Bear Stearns and Lehman Brothers are two other prominent examples of using overseas affiliates to avoid U.S. regulation.

This is a really serious issue, not a theoretical matter or theoretical risk to U.S. taxpayers that the law requires the CFTC and SEC to regulate. regulations. Wall Street’s four biggest and most dangerous banks have exploited the loophole and the regulators have not stopped them. More importantly, the U.S. Much of our work, including the presentation we used in meetings with the Chairs, Commissioners and staff of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), can be found on our website here. bank that did not repay the taxpayer TARP funds it received).

Those customers, clients and counterparties understand they are doing business – albeit indirectly – with the U.S. taxpayers remain at grave risk from hundreds of trillions of mostly unregulated derivatives trading overseas by U.S. taxpayers) and, voila, their trades are not subject to U.S. banks ship their derivatives trades overseas, they also ship U.S. bank.

Citi isn’t the only example. Better Markets has been fighting Wall Street on this evasive, if not fraudulent, gambit for years. There are lots of them. taxpayers and the U.S. Citi had to then write down the values which reduced Citi’s capital and contributed to the creditor run on the bank. bank has directed its customers, clients, and counterparties to the foreign affiliate and will suffer serious – if not lethal – reputational damage in the markets if the U.S. It is time for the CFTC and the SEC to adopt the de facto guarantee test and only allow genuinely non-guaranteed foreign affiliates to avoid U.S. bank. Thus, U.S. And by the way, these activities really only involve Wall Street’s four biggest banks – JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley – which control more than 90% of all the derivatives trading in the U.S.. taxpayers pay in two big ways: first they lose jobs and revenue, then they have to bail out the bank when their overseas affiliates – explicitly guaranteed or not – blow up and drag down the U.S. But who was left on the hook to bail out AIG when its London CDS operations blew up and kick-started the financial crash? U.S. bank affiliates.

This scheme (which we discuss in this fact sheet) is called “de-guaranteeing,” but it is really just a form-over-substance loophole that allows the largest financial institutions in the U.S. Citi had absolutely no legal obligation to do it, but, to avoid asset fire sales and reputational damage, it nonetheless “had to” take the impaired assets back at 100 cents on the dollar. bank will have to stand behind the foreign affiliate (i.e., guarantee it) if it gets into trouble because the U.S. The result? Citi had a liquidity crisis and was insolvent, ultimately requiring more than three bail outs to prevent its collapse into bankruptcy. financial institutions have shipped their business overseas, but the risk and costs have come back to the U.S. Wall Street’s handful of biggest banks merely erase/delete the word “guarantee” from one or more of their foreign affiliates and then claim/pretend it is not guaranteed by the gigantic U.S.-based parent bank (backed by U.S. There are numerous examples of where Wall Street banks and other U.S. bank failed to de facto guarantee its foreign affiliate in trouble.

Reuters’ Charles Levinson has written a must-read investigative report on Wall Street’s latest scheme to avoid critically important financial reforms: change a few words in their derivatives contracts and pretend that they are not guaranteeing their overseas affiliates. jobs overseas and the revenue and taxes generated by those jobs. to get “light touch” regulation overseas. And when the U.S. parent company.

However Better Market has proposed a relative simple, market-based solution to this loophole called the “de facto guarantee test,” which would enable regulators to determine which foreign affiliates are genuinely non-guaranteed and which ones are de facto guaranteed and pose an unacceptable risk to U.S

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