The Gambling Threat to Economies and Financial Systems: Internet Gambling

2010, Business/Economics, Law Reform, Public Law and Policy, United States International Gambling Reports admin

United States International Gambling Report Series
Volume Four
Research Editors Doctoral Directorate (REDD) on Gambling, with J. Kindt, Senior Editor

Vibrant and stable economic and financial systems are essential to international security. However, in 200 the Clinton Administration enacted the Commodity Futures Modernization Act (CFMA) which legalized Wall Street gambling activities via credit card default swaps, described as “side bets” by 60 Minutes in its 2008 and 2009 investigative reports, “The Bets That Blew Up Wall Street.” Decried as “casino capitalism” by members of Congress and termed “financial weapons of mass destruction” by Warren Buffet, by 2009 there were still $50 trillion of these financial WMDs circulating throughout the U.S. economic and financial systems. The CFMA had naively repealed the 100-year-old ban on credit default swaps and even prohibited all of the 50 states from enforcing any of their relevant “anti-gambling” laws. The Gambling Threat to Economies and Financial Systems: Internet Gambling, the fourth volume in the United States International Gambling Report Series, focuses on the threat gambling places on economic and financial systems in the U.S. and around the world.

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Pricing Information – Order now
List Price, volume 4: $125.00
List Price, the complete series: $430.00
Published: Buffalo; William S. Hein & Co., Inc.; 2010

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