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Old 11-06-2008, 09:06 PM
StarnetGypsy StarnetGypsy is offline
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Exclamation US Moves To Implement Rules Banning Most Internet Gambling

DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- The Treasury Department has finalized regulations that would effectively ban online gambling in the U.S. and is trying to have them implemented in the waning days of the Bush administration.

The controversial rules would make it illegal for banks to process credit card transactions from most Internet gambling sites.

Their implementation has been opposed by groups advocating individuals' right to gamble, the banking industry, Democratic lawmakers in Congress and even officials at the Federal Reserve.

The rules stem from a last-minute addition to a law passed in the final hours of the Republican controlled Congress in 2006. The provisions related to online gambling were included in an unrelated port security bill.

The Treausury Department forwarded the final regulations to the Office of Management and Budget on Oct. 21, a necessary step towards their implementation.

It's standard practice for outgoing administrations to finalize controversial regulations before leaving office, a practice known as a midnight drop.
The law as drafted by Congress includes some exemptionsfor horse race betting, interstate online lotteries and betting on fantasy sports.

But draft rules published by the Treasury in October 2007 don't define what would be considered an illegal transaction, and there has been much confusion as to what types of online gambling would be rendered illegal.

Banks have warned they may block all online gambling transactions rather than try to determine which ones are illegal. An official from the Federal Reserve testified before Congress in April that the draft regulations created considerable uncertainty.

Rep. Barney Frank, D-Mass., the chairman of the House Financial Services Committee, attempted to drum up support from fellow lawmakers for legislation that would amend the law to allow online gambling transactions to continue.

He was unsuccessful but pledged to return to the issue next year.
The Poker Players Alliance, a group formed to combat the law, has fought against its implementation. It argues that Internet poker should be exempted from the law.

"It's really remarkable that this administration would try to push this out given the burden it would place on financial institutions at this time of financial crisis," said John Pappas, the executive director of the group.
Pappas is meeting Friday with officials from the OMB, whose job it is to formally implement the regulations, in a last ditch effort to prevent them from being put on the books.

He wants officials to wait until President-elect Barack Obama's administration takes office in January to allow for a thorough review of the potential impact of the rules.

A Treasury spokeswoman did not return phone calls seeking comment for this report.

-By Corey Boles, Dow Jones Newswires; 202-862-6601; corey.boles@dowjones.com
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Old 11-06-2008, 09:10 PM
Caitlyn Cwissy Caitlyn Cwissy is online now
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This would be the last straw for me - to purposely finalize implementation of the law they snuck into the Port Security bill right before the Obama Administration takes power. That is sneaking it in twice right before or right after they lost an election. I swear to God, I hope the Republicans NEVER see power again if they do this.
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Old 11-06-2008, 09:14 PM
luke m. luke m. is offline
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Why is this so high on their agenda?
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Old 11-06-2008, 09:16 PM
StarnetGypsy StarnetGypsy is offline
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Originally Posted by Dell Dude View Post
I swear to God, I hope the Republicans NEVER see power again if they do this.
i felt the same way when they killed the solar industry in 1984.

this is a last ditch effort by Vegas to bribe Bush & Crew to do their bidding.
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Old 11-06-2008, 09:19 PM
luke m. luke m. is offline
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Quote:
Originally Posted by StarnetGypsy View Post
i felt the same way when they killed the solar industry in 1984.

this is a last ditch effort by Vegas to bribe Bush & Crew to do their bidding.
People are tired of having to travel all the way to Vegas to gamble!
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Old 11-06-2008, 09:40 PM
stevo stevo is offline
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UNFUKINREAL.

Playing spoiler now like whiny bitches.
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Old 11-06-2008, 09:42 PM
luke m. luke m. is offline
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Quote:
Originally Posted by luke m. View Post
People are tired of having to travel all the way to Vegas to gamble!
Plus it contributes to global warming!
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Old 11-06-2008, 09:50 PM
teazeman teazeman is offline
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this is not the republican party i was a former member of, what happened to the goldwater republicans who supported independence and self reliance? this party should be ashamed of the manner in which they have conducted themselves.


is there anyway to stop or slow this down or is this like those last minute pardons they hand out and no one can do a damn thing about it?????
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Old 11-06-2008, 09:54 PM
Total Square Total Square is offline
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nothing like a lame duck administration
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Old 11-06-2008, 09:54 PM
Caitlyn Cwissy Caitlyn Cwissy is online now
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No matter what these idiots do on their way out, UIGEA can always be repealed. Fwank should forget about passing a new law. Just get rid of the bad one. Then you can work on making online gambling legal. As long as UIGEA is there, you can't do anything. It'll all end up in the courts even if you pass something.
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Old 11-06-2008, 09:58 PM
luke m. luke m. is offline
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The Bush administration will do everything they can to set Obama up for failure. These fuckers should be put on trial and hung!
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Old 11-06-2008, 09:59 PM
Total Square Total Square is offline
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they are looking out for you delly
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Old 11-06-2008, 10:07 PM
BuzzRavanaugh BuzzRavanaugh is offline
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Luke asks a great question --why do they care??

Is this that big of an issue to cram in a lame duck session.

They have already choked out most of the gambling why do any more and why would we spend upteen millions to put more stress on the banking industry and in enforcement.
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Old 11-06-2008, 10:10 PM
chris@thegreek chris@thegreek is offline
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Let young men get killed for a dumb war, but care about about someone placing a wager, and they wonder why they lost
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Old 11-06-2008, 10:14 PM
teazeman teazeman is offline
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Quote:
Originally Posted by chris@thegreek View Post
Let young men get killed for a dumb war, but care about about someone placing a wager, and they wonder why they lost

a fcuking men !!!



priorities? killing men, women, and children! and for what? fcuk this administration!!!
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Old 11-06-2008, 10:16 PM
nino brown nino brown is offline
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obama is for letting women getting drafted. the war will continue just the same.
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Old 11-06-2008, 10:22 PM
luke m. luke m. is offline
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They need to be brought to trial at once along with all the CEO's that fucked wall street! Buzz, thank you for giving me so much credibility all the time!
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Old 11-06-2008, 11:04 PM
StarnetGypsy StarnetGypsy is offline
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Quote:
Originally Posted by nino brown View Post
obama is for letting women getting drafted. the war will continue just the same.
lol Nino. Iraq aint the only war amigo, there's Afghanistan too, and i'm damned sure there will be more after that one, this is planet earth where war is king. We will need more Troops in the future, no doubt about that, and a draft seems much fairer to me. Quit destroying the lives of our guard units who are married with families/jobs/and in their 40's.

personally tho, i'm really against women being on the front lines in any other capacity than medical staff. this past year over 100/women in the service have been raped by their fellow Troops. having served myself, it disgusts me to think a soldier would rape a fellow woman soldier.
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Old 11-06-2008, 11:10 PM
nino brown nino brown is offline
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i meant war in a plural sense star. well aware of our future escalation coming in afganistan. i'm willing to bet we get into some major shit with russia judging by some of obamas advisors.
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