Home

Representative Barney Frank, the chairman of the House Financial Services Committee, has received a reputation of being an extreme liberal because of his unique and outspoken position on many controversial matters.  He has been heralded as a champion by the Internet gambling industry because of his intention to introduce a bill that will regulate online casinos in the United States.  Online casinos are not the only ones that celebrate him, Frank also believes that marijuana should be legalized.

Frank has said that he believes in personal freedom especially on matters that do not affect society at large.  But in a recent interview Frank disclosed were he believes a limit must be placed on personal freedoms in the country.

“I would let people gamble on the Internet,” explained Frank, referring to his long awaited bill that will legalize and regulate online casinos. “I would let adults smoke marijuana; I would let adults do a lot of things, if they choose.”

“But allowing them total freedom to take on economic obligations that spill over into the broader society, or have a house in a neighborhood -- which when they go bankrupt becomes a fire hazard for their neighbors -- we're well beyond, the impact goes well beyond the individual.”

“The individual is not the only one impacted here, when bad decisions get made in the economic sphere, it causes problems.” 

Frank is referring to his decision to support the Mortgage Reform and Anti-Predatory Lending Act of 2009.  The bill would impose strict federal regulations on subprime mortgage lending.  The bill is receiving a lot of negative response from Republicans who historically defend personal freedom and responsibility. 

Casino News