Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (25199)	11/9/2002 5:24:26 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hi PB, <<Also, in Britain. Betting does not hold any water in legal matters>> See this HK guy trying to extend British Common Law ... Message 18214835 (HK$ 7.8 = US$ 1.0) Chugs, Jay

To: maceng2 who wrote (25199)	11/9/2002 5:56:52 AM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

Hi PB, read your referenced links <<Lloyd's members concept ... truthaboutlloyds.com >> Lloyds rank right up there with the Nigerian cons, only not as funny. I am thinking of capitalizing a re-insurance company to be registered in Bermuda with a most valuable collection of: (a) classic bubble gum wraps, (b) timeless base ball cards (c) DotCom and SlashNet stock certificates (d) Bre-X convertible bond wall paper, and (e) a piece of paper certifying my wager on QCOM price in 2003.12.31 My re-insurance company will take the asbestosis risks embedded in GE and AIG in exchange for a small premium big enough for me to buy a small hideaway resort in Tobago. I promise to leave the capital of the re-insurance company in body corporate to pay eventual claims:0) Chugs, Jay

To: maceng2 who wrote (25199)	11/9/2002 6:29:14 AM
From: Steve Lee	Read Replies (1) \| Respond to of 74559

"Also, in Britain. Betting does not hold any water in legal matters. i.e. If you put a million dollars down on a horse race, and some one runs off with your money (like the bookie who took the bet) you have no legal redress. Gaming is regarded as a frivolous activity. Bookies win hands down on legal matters in the UK." That's true for most betting. But the financial spread betting firms are regulated by the Financial Services Authority. Their clients however, are not. You could in fact open a couple of spread betting accounts, short a volatile issue thru one acct, go long the same issue in the other, collect your winnings and escape your losses. But in reality it's not advisable due to there being ways of recovering debt outside of the legal system.