At this critical juncture of the recovery, politicians need to put petty projects aside and focus on what’s important. We need a concerted effort to address the issues that pose a threat to the new era of second derivative led expansion. What should be done with dollar? When should the Beard raise rates? How can we turn job losses into job creation? But that’s not the exhaustive list. There are other issues that deserve the undivided attention of the Treasury Secretary and the Federal Reserve Chairman right now. Such as what to do with the UIGEA.
Barney Frank and 18 other members of Congress sent a letter to TG and the Beard encouraging them to stop letting minor things like economic reconstruction take precedence over the true path to healthy growth, internet gambling.
Frank’s letter explains that the UIGEA (Unlawful Internet Gambling Enforcement Act ) rules were officially approved on January 19th, one day before current U.S. President Barack Obama took office. It implores, “We realize this is not a task you requested. We also believe this is an unreasonable burden on regulators and the financial services industry at a time of economic crisis, and it contradicts the stated intent of the Financial Services Committee.”
So the message is clear- high frequency trading, enemy of the state; high frequency gambling, cornerstone of a society in dire need of greater personal financial self-control.
G R E G C L O P S !!!
You set it, you go for it, and you wimp it out…
then you repeat.
Gregger,
Your writing just plain sucks.
It got no zip. Give it up,
or kiss Bess’ ass so she will teach you a few tricks.
OK. You know what, I’ve had it up to here. I thought it was not possible to go above this, but I’ve had it with you.
Greg,
I love your writing. Seriously. I think you and Joe Weisenthal should team up and start your own publication. I would be more than happy to provide the seed money for that venture. Please let me know your thoughts.
You know the world is upside down when I am in league with Barney Frank.
Granted he’s been “right” on this issue since the beginning. And dishonest brokers like Jim Leach (don’t let the door hit ya) were part of the whole Republican downfall in 2006+.
But I am never comfortable with the fact that Barney Frank is the pricipal torch bearer on an issue I care deeply about.
These are strange times.
– Dave Chappelle
lol greg sux
lol greg sux
lol greg sux
Greg,
Concerning my prior offer of funding your own blog. I’ve gone ahead and registered the doman gregmichaelsblog.com. I will be setting up a wordpress blog that you should feel free to use. Please let me know how you would like to proceed.
Don’t you guys get it? “Terri Buhl” is no less than an ingenious anagram for Greg’s alter-ego! yess,,, Yessssssssss…. it is all making sense now!
F the UIGEA
F the UIGEA
By force of habit, I am seeing all of Greg’s pictures with a For Sale sign on them. The Treasury building? For sale. St. Basil’s? For sale. Satellite photo of the U.S.? For sale. Traitor.
@3, I don’t like piling it on but studying Bess’ writing is a good idea. She stays in active voice, uses punchy verbs, and her writing is razor sharp.
I think the point is online gambling/via phone is legal for horse racing, lotto and of course we have bingo and scratch-off tickets, so why add a regulatory burder and denude ourselves of much needed tax income?
wait, you’re defending the UIGEA? WTF is wrong with you greg? you’re not making this any easier here.
Huh?
If you want the Fed and Treasury to keep their eyes on the ball, it seems you should welcome Frank’s actions. After all, it RELIEVES them of obligations.
Seems you’re just an anti-gaming zealot who wants to force your opinion on others.