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2008-12-04 — blogspot.com
And then it hit them! The Masters decided that they would create two new parts of the GPT: one would be a method by which spectators could wager with each other on who each thought would win the tournament, survive longer than another player, or even win a given hand. The second would be a program by which players AND side-betting spectators could purchase insurance against their debts…just in case some member of the GPT or some member of the spectator group broke rule #2 and asked for cash instead of the usual and expected IOU.
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Comments:
tvsterling at 08:36 2008-12-06 said:
Why not declare all Credit Default Swaps illegal contracts worldwide & null & void. When invented the lobbyists pushed thru a special exemption against considering them Gaming Contracts. Nobody knows who or what they are, nobody can possibly pay, they are the sword of Damocles hanging over all our heads. I have no idea about the impact of such a move but surely these contracts are tainted enough to justify just ridding ourselves of them. I am sure the financial fallout would be great but allowing them to stand unchallenged until they bring down everything would be the greater evil. Now all governments are united & desperate enough to do it. If they can only find the guts before it's too late. All the bold moves so far have been of extreme risk to the average citizen with no real inconvenience to the rich & powerful. It's time for the Limolizards to get their backs into saving the world. At the very least found an exchange (a TIGHTLY REGULATED exchange) & give the parties 30 days to register them, then bye bye. Permalinkadd a comment | go to forum thread
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