Welcome to Gambling Watch Global Community Blog,
a source for latest news, developments and reputable documentation and research on gambling. You'll find many helpful resources and links for anti-gambling advocates.
10/5/2008: The National Coalition Against Legalized Gambling
NCAGE, Stop Predatory Gambling chairman Dr. Guy C. Clark today charged some in congress with trying to slip sweeping changes to Internet gambling laws through in the tumultuous last days of the 110th Congress. Our nation stands at the brink of economic meltdown, with major financial institutions failing and ordinary citizens losing their homes on a scale not seen since the Great Depression.
The current economic crisis has been caused by greed and unfettered Wall Street gambling. Lenders, borrowers, and financial institutions have gambled with unsound ventures, risking not only their own futures, but those of the taxpayers who must now bail them out,” Clark said.
Clark, heads the only national organization dedicated to stopping the spread of what his group calls predatory gambling. He noted that one presidential candidate has charged that Wall Street has developed a casino culture.”Incredibly, some in Congress want to use this occasion to promote that same casino culture through an unprecedented expansion of gambling,” he said.
Representative Barney Frank chairs the powerful House Finance Committee.
Frank has been critical of the bailout legislation proposed by the Administration, insisting on, among other things, protection for ordinary homeowners whose mortgages are at risk of foreclosure.
“That is to his credit. How ironic, then, that Frank should also be leading the charge to legalize this predatory Internet gambling industry.
If he is successful, many American homeowners will lose their homes, retirement funds, and college savings due to participation in a highly risky activity that is generally banned under current U.S. law,” say Clark.
Though he failed earlier this year, a new version of his gambling expansion bill (HR 6870) swept through committee in the furor of last weeks economic panic and could easily be attached to other legislation and passed in the few remaining days of this session, Clark warns.
Frank’s bill would not only reverse the Unlawful Internet Gambling Enforcement Act of 2006 that prohibits financial institutions from funding of illegal Internet gambling; it would also reverse long-standing state and Federal laws, including the 1961 Interstate Wire Act, that have banned Internet gambling outright in most circumstances.
National Coalition Against Legalized Gambling
Administrator
October 17th, 2008 at 6:38 am
I don’t see what is wrong with online gambling. The government of the U.S. should legalize it because many countries already have.. and they are way behind on this whole situation.