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Thursday is R-Day
 April 26, 2007, 7:34 pm (4 years ago)It is know that both the international wire services as well as the main stream media are currently reporting widely on the first actual serious challenge to the UIGE A, which is a repeal that the Democratic Chairman of the House of Financial Services Committee, known as Congressman Barney Frank is going to soon launch.
Barney Frank has said at a banking function that he will actually make his initial moves on Thursday, however he emphasized that the significant player when it comes to support will actually improve the chances of actually getting the much criticized UIGEA off the books.
When he was speaking to a community bankers group, the Massachusetts Democrat actually called the subject of internet gambling a “victimless crime”.
The congressman also said in his address “why anyone thinks it is any of my business why some adults want to gamble is absolutely beyond me”. “I spent a lot of my time trying to protect people from other people who are going to treat them unfairly”, Frank also said in a speech before the Independent Community Bankers of America. “I have no energy left for protecting people from themselves.”
Frank, after the speech took over as chairman of the influential House Financial Services Committee this year actually declined to actually provide details of the planned legislation.
A senior policy analyst at Friedman Billings Ramsey, Andrew Parmentier, said that he actually believes that the bill could make headway. “Absolutely there’s a chance” for reform of the law is what he said in a telephone interview with Marketing Watch.
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