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Old 07-05-2007, 04:27 PM
Kurn, son of Mogh Kurn, son of Mogh is offline
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Join Date: Sep 2002
Location: Rhode Island and Providence Plantations
Posts: 9,146
Default Re: SUPPORT Frank & HR 2895

Once my livelihood isn't threatened by knucklehead politicians

Exactly HOW does the UIGEA threaten your livelihood? All it does is make it harder to deposit, and if truth be told, 85% of US-issued credit cards wouldn't allow deposits in gambling sites long before the UIGEA.

The DOJ is nowhere near meeting the 270-day deadline, the banking industry is fighting compliance (the same way they fought and killed Know-Your-Customer), and nothing in the bill criminalizes playing nor prevents you from getting your money out.

If you're talking about not having enough casual/weak players, read my post about taxation and understand that legalizing and regulating online gambling will chase more fish away than the UIGEA possibly could.

Now couple the Frank bill with a rider that reforms the tax code with respect to gambling income and you've got a point, but something tells me Barney Frank would run from that like a scared rabbit.
 


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