TRANSCRIPT FROM SENATE CONFIRMATION HEARINGS-DAY ONE VIA THE N.Y. TIMES ON 1-16-2009!!
Feel feel to shoot the messenger,LOL
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Senate Confirmation Hearings: Eric Holder, Day One
Published: January 16, 2009
(Page 65 of 88)
"KYL: Thank you, Mr. Chairman. There seem to be an inordinate number of members of this committee and the finance committee that discussed and talked about the potential for fraud and money- laundering and organized crime. Again, I won't go through all of that.
But the question that I'd ask and wanted just to get confirmed for the record is that you indicated that under your leadership the Department of Justice would continue to aggressively enforce the law against the forms of Internet gambling that DOJ considers illegal.
HOLDER: That's correct, Senator.
KYL: And then we discussed the regulations that were issued recently, actually, jointly by the Federal Reserve Board and the Treasury Department in consultation with the attorney-general.
The regulations primarily try to go at the problem by thwarting the payments for unlawful Internet gambling -- in other words, to shut off the cash flow.
And I mentioned the fact that they were already beginning to spend millions of dollars in an effort to try to undo these regulations somehow and hope that you would -- and you indicated you would -- oppose efforts to modify or to stop those regulations, and, of course, continue to be vigilant in enforcing those regulations to shut off the flow of cash from this illegal activity. Is that your intention?
HOLDER: Yes, that is my position. That's what I will do.
KYL: Yes, thank you, and I appreciate that very much. And we could talk a lot more about the pernicious nature of Internet gambling, but in view of the time here, let me move on......................................."
Feel feel to shoot the messenger,LOL
....ah,very few views as today is CM Awards Day!!
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Senate Confirmation Hearings: Eric Holder, Day One
Published: January 16, 2009
(Page 65 of 88)
"KYL: Thank you, Mr. Chairman. There seem to be an inordinate number of members of this committee and the finance committee that discussed and talked about the potential for fraud and money- laundering and organized crime. Again, I won't go through all of that.
But the question that I'd ask and wanted just to get confirmed for the record is that you indicated that under your leadership the Department of Justice would continue to aggressively enforce the law against the forms of Internet gambling that DOJ considers illegal.
HOLDER: That's correct, Senator.
KYL: And then we discussed the regulations that were issued recently, actually, jointly by the Federal Reserve Board and the Treasury Department in consultation with the attorney-general.
The regulations primarily try to go at the problem by thwarting the payments for unlawful Internet gambling -- in other words, to shut off the cash flow.
And I mentioned the fact that they were already beginning to spend millions of dollars in an effort to try to undo these regulations somehow and hope that you would -- and you indicated you would -- oppose efforts to modify or to stop those regulations, and, of course, continue to be vigilant in enforcing those regulations to shut off the flow of cash from this illegal activity. Is that your intention?
HOLDER: Yes, that is my position. That's what I will do.
KYL: Yes, thank you, and I appreciate that very much. And we could talk a lot more about the pernicious nature of Internet gambling, but in view of the time here, let me move on......................................."
