So worst case scenario with banks still no biggie?

[Zele]

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Keep dreaming. LOL

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Thanks for another well-informed, substantive post.

[Uglyowl]

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Keep dreaming. LOL

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Please provide more information. I am unsure where your beef is?

[ginko]

This thread is asinine. All of you.

[scrapperdog]

So your theory is that the banks will ignore the law because it is too complicated for them to keep up with? Wow.

[Zele]

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So your theory is that the banks will ignore the law because it is too complicated for them to keep up with? Wow.

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I think he means "be unable to enforce" rather than "ignore".

Importing absinthe into the US is unambiguously illegal, yet you can order some online today and have it delivered to your home next week.

[Uglyowl]

Banking system is not structured to deal with this, to attempt to enforce this law would require alot of guess work!

Further the number of banks are shrinking week by week due to various burdens they are unable to overcome, some regulatory, some technology based, and some economic.

There is a significant amount of banks getting their asses handed to them by the government regulators for not tracking terrorists to a high enough standard. They have been unable to even perform this and are struggling to keep their head above water with just that.

[Lawman007]

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Banking system is not currently structured to deal with this. Further the number of banks are shrinking week by week due to various burdens they are unable to overcome, some regulatory, some technology based, and some economic.

There is a significant amount of banks getting their asses handed to them by the government regulators for not tracking terrorists to a high enough standard. They have been unable to even perform this and are struggling to keep their head above water with just that.

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Which is exactly why the banks are opposed to this bill, but I can assure you that they will comply with it if it becomes law. It is ridiculous for you to suggest that they won't.

[stormy455]

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Banking system is not currently structured to deal with this. Further the number of banks are shrinking week by week due to various burdens they are unable to overcome, some regulatory, some technology based, and some economic.

There is a significant amount of banks getting their asses handed to them by the government regulators for not tracking terrorists to a high enough standard. They have been unable to even perform this and are struggling to keep their head above water with just that.

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Which is exactly why the banks are opposed to this bill, but I can assure you that they will comply with it if it becomes law. It is ridiculous for you to suggest that they won't.

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They will do their best to comply. IMO, (I have banking operations experience) they won't be able to stop the flow of money to the offshore sites. Certainly, they'll slow it but they won't be able to stop it.

[DuderinoAB]

There are perfectly legal ways around the financial blocks even if banks can successfully and completely shutdown transfers to sites/neteller and, for that matter, there are ways around the ISP blocks. There are two issues here though:

1. The sites might not take business from US customers. I THINK that the bigger sites would probably ignore this/find a way to get by, but the distinct possibility remains, as Lawman would tell you, that the sites won't accept American business at all.

2. If anything passes and there is even a perception that online poker is illegal, the fish population will decrease severely. Providing that its still possible for us to play, the games will not be as profitable. This is the major issue in my view.

Cliffnotes - ANY anti gambling legislation passing = very, very bad

[stormy455]

I agree with you completely. I just wanted to point out that Lawman is overstating the banks capabilities. I seriously doubt that online gambling will cease to exist in the United States. There's just too much money involved for everybody to just walk away from it.