Bet the house, bringing down the house, betting the house’s money, headed to the big house. The “house” metaphor has long been synonymous with gambling. But for some it’s more than a metaphor. For those of you wondering how JP Morgan could lose $2+ billion in light of the recent “financial meltdown”, I’m wondering how they haven’t lost more. Imagine going to Vegas gambling and losing way, way beyond your means. You hear a knock on your hotel room door and see the casino manager through the peephole. Just as you realize that the hotel’s windows don’t open, the manager in a calm voice says, “You know all that jing you owe us? Well forget it.” Sounds good to you but now you are wondering what you have to do: perform sex acts, sell your soul? Regardless you are ready, able and willing to do it. The manager says, “Just try and not to do it again”. Now insert Presidents Bush and Obama for the casino manager. The banks know they can gamble without consequence. In addition the banks lost $2 billion of their customers money but the bank members themselves well they always bet against the customer and made $2 billion.
The only better definition of “playing with the houses’s money” would be Curt Schilling’s con job on the state of Rhode Island. Schilling was a far right Republican who believed in smaller government. That was until he Rhode Island gave him 75 million reasons to believe in government assistance. Well Schilling took the $75 million and did what you or I would do; he pocketed most of it, spent some of the remaining and blew the rest. So when he missed a loan payment you know what he said to the Governor of Rhode Island? ”If you expect me to pay you back I’m going to need more money,” seriously.
I thought I would receive more fan mail for giving my readers the Derby Winner “I’ll Have Another”. ESPN’s Jay Cronley actually wrote and congratulated me. For a horseplayer that is analogous to Keith Richards saying you are a great drug addict or President Bush saying you are a world class thief. For Jay’s analysis click here.
Turns out Jay and I are of like mind this week. There are only four horses that have a chance.
1. 5 Went the Day Well – days have been wenting better with each race.
2. 7 Bodemeister – Pace and heat of Derby didn’t take it out of him, until the final turn at Pimlico.
3. 9 I’ll Have Another – The Derby more like a lottery, Preakness like an actual horse race.
4. 6 Creative Cause – In the two weeks the horse has flown California/Kentucky/California/Maryland. Jet lag has him going while top three are coming.
Long shot 4 Zetterholm – Horse well rested and trainer constantly running from law.
KOKO

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