21.   Long-Term Capital nearly collapsed last week from an enormous amount of bad bets with borrowed money in turbulent global markets.

22.   Most of the problems date back more than a decade with a series of bad bets.

23.   Nor do they cover trip interruption or operator failure, making them a bad bet.

24.   Palmer has bet the ranch on reshaping his company around its Alpha microprocessor, and so far it has been one bad bet.

25.   Shifting global economic conditions and bad bets on such trends have burned many prominent money managers recently.

26.   Sinochem claims in its suit that Lehman made bad bets on foreign interest rates swaps, mortgage-backed securities and other speculative investments without getting proper approval beforehand.

27.   So when faced with a large but manageable loss from a bad bet, traders like Leeson assume the market must be wrong -- and they double their stakes.

28.   That may not be a bad bet given that Jim Clark thinks so too.

29.   That was a very bad bet.

30.   That means J.P. Morgan made the correct wager in its worldwide trading business and a bad bet when it came to funding its loans, Hanley said.