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Oh Barney, you tease.  The gambling community across the world has been waiting with baited breath to for Barney Frank to introduce legislation that will begin the regulation process for online casinos.  Many industry analysts predicted that April would be the deciding month for online casinos and the Frank would introduce his legislation before May.  However, most of the month goes by without Frank even mentioning online casinos and when he finally does it is not exactly in the way that most wanted or expected.

Congressman Frank was having a serious discussion about economic issues such as subprime mortgage lending with CNSNews.com.  During the discussion he listed things that he thought American adults should have the freedom to enjoy without being persecuted by the law.  Among those things were marijuana and online casinos.  While most were glad to hear that Frank still supported the legalization of online casinos it was rather disappointing that he mentioned the topic in passing and not while introducing a bill to do so.

His comment about marijuana and online casinos were examples of things that adults can practice without hurting others and should therefore be legal.  On the other hand things like subprime lending, as we have come to find out, should be monitored by the government because it endangers the country as a whole.

“Allowing them (US residents) 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,” explained Congressman Frank.

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