Great Newsweek Article - Prohibition II

**Pinababy69** · 19th October 2006, 09:54 AM

Man, this guy has it pegged perfectly!! I sent him off a quick email to let him know how much I enjoyed reading what he wrote. And the name is so appropriate....Prohibition II.

Will: Prohibition II: Good Grief - Newsweek George F. Will - MSNBC.com

**jetset** · 19th October 2006, 09:58 AM

Ditto!

**Pinababy69** · 19th October 2006, 10:08 AM

Have you read this guy's bio Jetset? Perhaps you're already familiar with him, but I wasn't. Pretty impressive I'd say. He even taught here at the University of Toronto. More awards than you can shake a stick at, including a Pulitzer. I think I'll keep my eyes open for anything else he may pen on the subject.

**jetset** · 19th October 2006, 10:28 AM

Yes - very impressive, and it's a pleasant change to read a piece that doesn't slavishly follow the anti-gambling line taken by so many of these journos who burst into print without actually looking at both sides of the coin and better understanding the subject.

**tennis_balls** · 19th October 2006, 10:33 AM

Prohibition #102 might be just as accurate. yipyipyip.bmp

**Zoozie** · 19th October 2006, 01:58 PM

Good article!

Thinking about the prohibition just make me realize how fitting the new MG slot 'Dogfather' comming this month is.
Wonder if it is coincidence or brilliant planning and idea by MG.

Zoozie

**jetset** · 19th October 2006, 02:59 PM

BAD NEWS FROM NETELLER

Isle of Man financial company will obey US rulings on online gambling transactions, but for now US players can continue to use the facilities

In an abrupt change of policy today (Thursday) Neteller, the Isle of Man registered online money transfer firm, said it would comply with new US regulations that prohibit internet gambling sites taking money from US residents.

According to a Reuters news bulletin, the company said it would comply with the Act to ensure that it can continue to operate with the support of its commercial partners and to protect its shareholders, business partners, employees and reputation.

However, Neteller added that some areas of the Act remain unclear, particularly the obligations of financial transaction providers such as itself.

"This uncertainty should be largely resolved when the Secretary of the Treasury and the Board of Governors of the Federal Reserve System issue the regulations they are required to prescribe within 270 days," said a spokesman for the group.

Neteller added that while waiting for clarification, US-resident customers are able to use its service as normal. Non-US customers are not affected at all by the legislative changes and the non-US business will continue to operate as normal.

**cipher** · 19th October 2006, 04:28 PM

Originally Posted by jetset

BAD NEWS FROM NETELLER

Isle of Man financial company will obey US rulings on online gambling transactions, but for now US players can continue to use the facilities

In an abrupt change of policy today (Thursday) Neteller, the Isle of Man registered online money transfer firm, said it would comply with new US regulations that prohibit internet gambling sites taking money from US residents.

According to a Reuters news bulletin, the company said it would comply with the Act to ensure that it can continue to operate with the support of its commercial partners and to protect its shareholders, business partners, employees and reputation.

However, Neteller added that some areas of the Act remain unclear, particularly the obligations of financial transaction providers such as itself.

"This uncertainty should be largely resolved when the Secretary of the Treasury and the Board of Governors of the Federal Reserve System issue the regulations they are required to prescribe within 270 days," said a spokesman for the group.

Neteller added that while waiting for clarification, US-resident customers are able to use its service as normal. Non-US customers are not affected at all by the legislative changes and the non-US business will continue to operate as normal.

Hi Jet:

I seen this one coming with the first press release from NETELLER. It reminded me way too much of the little boy whistling in the dark as he was about to pee his pants from being scared to death. NETELLER is TOAST!

Have a good one.

**Mister** · 19th October 2006, 04:37 PM

A chunk of my hopes just went away...I wish'd Neteller could have waited until after the elections in November...So now what does
US-resident customers are able to use its service as normal. mean ?
They can use Neteller for now so long as its not going to online gaming sites ?

I'm going to go lie down and take some exedrin tension headache pills...I need to regroup. Maybe if I fall asleep for an hour, some good news will pile back up...

**tennis_balls** · 19th October 2006, 04:49 PM

i'm confused.

the way i read this Neteller is going to continue to operate as usual until the federal reserve sorts things out. won't that take months to happen?