NYT article on online casinos

[2Tone]

Wall St. Bets on Gambling on the Web

Internet casinos are outlaw operations in the eyes of the federal government, but they look like solid investments to many of Wall Street's largest firms.


Morgan Stanley and Goldman Sachs hold shares of BetOnSports; Fidelity, Merrill Lynch and Goldman Sachs are investors in SportingBet.
Blue-chip investment houses like Goldman Sachs, Merrill Lynch and Fidelity now hold hundreds of millions of dollars in shares of online casinos and betting parlors, which are publicly traded on the London Stock Exchange and headquartered in places like Costa Rica or Gibraltar.

[Boobie Lover]

I like this quote,

<blockquote>[Representative Bob Goodlatte, Republican of Virginia,] said that the involvement of investment firms could be part of a pattern of laws being flouted.

"It's very bad, and the Congress ought to investigate it," Mr. Goodlatte said, adding that it may turn out that the investment houses are knowingly supporting and promoting illegal enterprises.</blockquote>

Hmm, buying stock where it is not illegal is now illegal. I guess all those 19-21 year olds who are from the US who go to other countries and drink alcohol should be arrested upon sight since it is illegal here.

How do these morons get elected again?