... instead of spending millions on trying to stop these transactions, they should be using the money to figure out a way to tap into this multibillion dollar industry.
I don't know for sure, but I have a feeling the Dept. of Justice is making money, not spending it. Maybe a wiser assumption is that they are spending it to make it, and the profits are not going back into the spending pool. They are, after all, going after bank accounts and credit processors and the middle men in this game we play between our pockets and those of the casinos and seizing funds all the time.
And I assure you, there is legislation on the horizon. The funny part is, I don't think anyone knows exactly what that legislation will include, save for the kickbacks and earmarks for non-corollary items and agendas that this confederacy of dunces is famous for.
And to boot, the word is there will be a period of time that the govt. intends to require the various poker and casino sites to actually stop serving their clientelle, this according to the president of the PPA (Poker Player Alliance). This 'cool-off' period would be for regulatory devices such as a national cyber identification program to be installed, a national database of 'deadbeat dads to be amassed (this is real, as there is an amendment in the HR2267 that excludes so called 'deadbeat dad's' from the privilege of online gambling), the owners and operators of proposed licensees to be vetted, and critics suspect, for the D of J to negotiate fines to be paid by the applicant casinos and credit processors who continued to serve the US market place after their June 30th 2010 'must-stop' ban. There are a number of other amendments to the bill, and most of them are logical, but there is yet time for the bureaucrats to fix that...lol!
The only catch as I see it, is the likely event that now with the lame duck session over, the republican majority might very well ignore the bill on their desks. In fact, given a larger majority, some might propose stricter legislation against the industry.
But there are some signs of hope. And some signs that things can change in Washington. And while I hate to detract so quickly from these positive signs, it doesn't help that the latest turncoat now in favor of legislation is one of the most obtuse and disliked Senators by the other side, Harry Reid. What may help is he was the former lead in the opposition to the Barney Frank proposal to legalize online poker, which has been re-drafted and re-drafted into what we now know as
. Here read this from Forbes magazine and click it to see the entire article,
However things turn out, there is no doubt in my mind that the masses are comatose. And that the govt., while not stupid, has no problem acting like they are as daft as a bus stop, so as not to tip off us angry detractors from their apparent lack of aptitude may very well be devious mischief, all in the name of the almighty greenback, and presumably, their own preservation.
