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Thursday, April 21, 2011

Online gambling vs. the Grand Casino

The US Department of Justice has put an end to online gambling in the US.

Meanwhile, the US Department of Justice has yet to file an indictment against any of the players from the major financial institutions who caused the 2008 financial crisis. No one from Lehman Bros, Bear Stearns, JP Morgan, Goldman, AIG, or Countrywide has seen the inside of a criminal courtroom because of their actions. And while I don't have inside information on any of these firms, I find it difficult to fathom, given the hundreds of billions that were lost, that there wasn't a single person who made false representations at those firms to try to earn a little coin.

But at least we know people can't play online poker anymore. Way to go after the low-hanging fruit, DOJ! Very impressive.

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