Will the AGA make itself useful for once? - Covers

As I have been travelling in Europe for the last week, it has been very difficult to find reliable and speedy coverage of the online gambling industry. Highspeed wireless is less prevalent than I thought. Not only does it get expensive, but any combination of factors can make it very hard to blog on the road.

For instance, right now I am using an ancient workstation at a Kinkos in Holland. It only has IE 6, and there is so much crap on the machine that it won't even load up my blog editor properly, so I am emailing this post to myself to update later for real.

But enough about me, let's talk about the hearings a bit.

I am going to sum everything up with a couple of quotes from appropriate people...

Here is a quote from Louise Roseman, head of the Federal Reserve's bank operations division, who testified "I think it is very difficult without having more of a bright line about what is intended to be unlawful Internet gambling... The challenge we have is interpreting something, particularly federal laws, that Congress itself isn't sure what they mean."

Ladies and gentlemen, let's give it up for Louise Roseman!

First of all, we can not understate how important it is that the Federal Reserve is getting involved here. Not only is this a sign to everybody that this is an important issue, but the Federal Reserve currently getting all kinds of political props for making the necessary moves a few weeks ago to avert a major banking meltdown.

Read more of this online gambling article here...