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Gambling: Barney Frank On Freedom
Massachusetts Democrat Barney Frank, a consistent campaigner in Congress for legalised and regulated online gambling in the United States, appears to be warming up the media ahead of his next attack - widely believed to be imminent - on the Unlawful Internet Gambling Enforcement Act.
This week the feisty chairman of the House Financial Services Committee engaged with the conservative CNS news service, in the process generating lively follow-on debate on Politico.com's blog and the Huffington Post.
Frank's approach to individual freedom was summed up by one commentator as an echo of the libertarian credo that one person's freedom to swing a fist ends where another's nose begins. In other words, freedom of personal choice should be respected as long as it does not impact the rights of other members of the community.
The Massachusetts Democrat articulated his philosophy on the re-regulation of the US financial services sector, saying he's not in favor of "total freedom" if it entails systemic financial risks.
"I would let people gamble on the Internet,” Frank said. “I would let adults smoke marijuana; I would let adults do a lot of things, if they choose.
"But allowing them total freedom to take on economic obligations that spill over into the broader society? The individual is not the only one impacted here, when bad decisions get made in the economic sphere, it causes problems.
“We’re not just talking individual responsibility. ... We have a worldwide economic crisis now, because of this.
"If it were purely individual responsibility, OK - that’s why I disagree with the ranking member,” Frank said in a reference to his Republican colleague on the Financial Services Committee, Republican Representative Spencer Bachus of Alabama. Bachus has been a consistently fierce opponent of online gambling, but is apparently at peace with the concept of loose regulation of the financial sector that has wrought so much damage to world economies.
CNSNews.com asked Frank about comments Bachus had made at a committee hearing Thursday on mortgage reform. "You're substituting the government's decision for the individual's decision in whether they can afford it," Bachus had complained of the legislation. "If you can't afford it, don't buy it."
Frank pressed the difference. "We're not just talking individual responsibility," he said. "We have a world-wide economic crisis now, because of this."
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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