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There was no reason to be impressed by Congressman Barney Frank (D-MA) last February when he blogged about privacy issues and all he would like to do to for us. The big problem with Frank’s so-called support for privacy is he saw no need for companies having security breaches to disclose that information. That would be one reason to not be fond of this Congressman from the land of same sex marriage and where employers who hire illegal aliens get even more military contracts from the government.

This time Barney Frank’s introduced legislation to legalize internet gambling which was outlawed last October by other legislation. The question would be who is contributing to Barney Frank’s campaign funds since his first term in 1980-81? The Congressman thinks there will be boatloads of revenue for the government if internet gambling is legalized. One of the obvious flaws in the bill is anyone thinking their will be a high degree of success in verifying each gambler is 18 or older and in a jurisdiction where gambling is allowed. Good luck with that on the internet, Congressman. And good luck with not adding to the gambling problems. Maybe he meant the boatloads of revenue would be flowing into campaign coffers when he said government.

A list of winners and losers from this legislation was offered by someone at a casino site and is included below. The problem with the list is the winners and losers are from the gambling industry perspective. I suppose gamblers anonymous could be a winner if you consider an increase in activity for them a win. Maybe this is more of what the Dems proposed last year with their New Direction for America. And let’s not forget about the possibility that the biggest winner with this legislation would be those wishing to launder money, etc. And nothing good can come from that.

Stanford Matthews
MoreWhat.com

Frank Introduces Repeal of Gambling Ban

April 27th, 2007
Rep. Barney Frank (D-Mass.) has introduced a bill to repeal the Internet gambling ban Bush signed in October.

The Internet Gambling Regulation and Enforcement Act, introduced Thursday in the House, would create a federal regulatory network to oversee Internet gambling and would require a licensing fee from gambling sites, giving the federal government an opportunity to generate revenue.

Internet Casino Gambling is Not Illegal in the United States

Casino Gambling Web, FL - Apr 30, 2007
The Unlawful Internet Gambling Enforcement Act that was passed in October of last year, that the Internet gambling community is fighting to repeal, …

Internet Gambling Regulation and Enforcment Act: Winners and losers

By Aaron Todd
2 May 2007
Rep. Barney Frank’s (D-Mass.) proposal to regulate Internet gambling in the U.S. has received a mixed reviews from the online gambling industry.

Frank’s plan calls for regulated companies to ensure gamblers are at least 18 years of age and in a jurisdiction that allows betting. Licensees would also need to demonstrate that they could combat fraud, money laundering and compulsive gambling, and ensure that all taxes and fees would be paid.

Family Research Council on Internet Gambling

ScienceBlogs - 11 hours ago
Those entities, he says, believe that much of the money from Internet gambling “is going into money laundering and covering up drug smuggling and even …

This entry was posted on Saturday, May 5th, 2007 at 3:31 am and is filed under Money Matters, Bush, wordpress, Politics, Democrats, internet, lobbyist, disclosure, ethics, oversight, Law, Business, Gambling, Legislation, Rep Barney Frank. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.