Wednesday, June 29, 2016

Legalized Gambling in Our "Casino Nation"

June 29, 2016
NHL is coming to Las Vegas because America is now a casino nation

In 1950, America was waking up to the problem of organized crime. U.S. Attorney General J. Howard McGrath convened a conference, primarily of big-city mayors, to discuss the root causes of the rackets (the word "mafia" had not yet entered the popular lexicon). Gambling, he said, was a fundamental nuisance in a country that was fundamentally opposed to the practice.

That was then, this is now.

Today, Attorney General Loretta E. Lynch would have to concede that the basic public policy of the United States is pro-gambling. All but six states run lotteries, taking in nearly $74 billion last year. Every National Football League team plays in a stadium in which gambling is as close as the nearest convenience store.

November 20, 2015
Man begs for money after risky bet implodes

Talk about a nightmare trade.

Joe Campbell had $37,000 in his online brokerage account when he went to bed on Wednesday night. By the time he woke up, not only had all that money vanished, but the amateur trader actually owed ETrade more than $100,000.

Gamble $37,000 on Wall Street. Lose $137,000. Owe $100,000. It's all perfectly legal.

June 20, 2016
Jupiter bar owner charged with running illegal gambling operation

An undercover agent won $15.

Illegal gambling! Alert the authorities!

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