Bank rescue package, version 372(a)

U.S. lawmaker to push repeal of online gambling ban (Reuters)

All part of giving the folks at Citi and BoA and elsewhere the tools needed to rebuild their balance sheets by leveraging their new capital in new assets….*(fictional(?) future press release)

But joking aside, I can only applaud this apparent breach in congressional insanity, having long railed at the ridiculousness and sheer hypocrisy of the current state of US law with respect to this industry. And indeed I always thought this day would come (February 2010, c. minute 4 in video, although in a dumb error, I changed my script from President Obama to Senator Obama at the last edit, as I thought reader/viewers in 2005 would find the former too far-fetched…)

Update: “U.S. could reap billions taxing Web gambling: study” (via Reuters) …duh!

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