U.S. Representatives send letter to Treasury Dept. regarding UIGEA

April 22nd, 2008
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U.S. Representative Barney Frank (D-Mass.) and others sent a letter to the U.S. Department of Treasury regarding the Unlawful Internet Gambling Enforcement Act on Monday.

The letter comes soon after Frank introduced a bill in the U.S. House of Representatives that would stop the UIGEA from being implemented.

Here’s some of the letter:

Your agency and the Federal Reserve have been struggling to issue these (UIGEA) regulations, but as the hearing made clear, the underlying statute makes your job extremely difficult, if not impossible. Given the many other priorities that are pending at your agencies, including the mortgage crisis, HOEPA, and UDAP rulewriting and many other issues, we believe it would be imprudent for you to devote additional agency resources to this Sisyphean task, especially as we intend to vigorously pursue legislation to prevent the implementation of these regulations.

Whole thing here on a 2+2 thread.

More on the Frank legislation as it makes its way though Congress.


Article Credit: Dustin

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Daily Poker Quiz

AA on safe board, no limit full ring - DailyHandQuiz

Game type: 25/50 Full Ring Cash, PokerStars
Your image: Active, possibly a little frustrated
Opponent's image: Very aggressive preflop
Your hand: Ad Ah

The setup: You've had an uneven session so far and it's been a bit since you won a hand. This hand there's a poster in the hijack preflop. The table folds to him and he checks. You raise $200. The button folds and the SB three bets to $825. The BB and hijack fold, and you flat.

You have a good amount of history with the raiser. He is a very active three bettor and seems to have your number in recent sessions. He is very aggressive against your preflop raises, especially if there's a squeeze opportunity. He's also a pretty steady continuation bettor.

You flop about as dry as can be:

jc 2h 6d

The SB leads for $985 into $1750. What's your play?


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