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.

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Gambling with Crime, Destabilized Economies, and Financial Systems

2009, Business/Economics, Law Reform, Public Law and Policy, United States International Gambling Reports admin

U.S. International Gambling Report Series
Edited by: John W. Kindt

In this volume, historical comments and reprinted government source materials document the predictable negative socioeconomic impacts of decriminalized organized gambling on U.S. and international economies and destabilized financial systems. One important historical document is the reprinted analysis of gambling’s negative impacts on job creation, which was presented to the Federal Reserve Bank of Boston. Furthermore, this volume has sample templates for economic analyses involving gambling, as exemplified by one produced by Wichita State University. Gambling with Crime, Destabilized Economies, and Financial Systems is the third volume in Kindt’s U.S. International Gambling Report Series, the first academic collection to deal comprehensively with gambling.

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New Series Available from Hein!

2009, United States International Gambling Reports admin

The United States International Gambling™ Report Series, the first academic collection to deal comprehensively with gambling, is now available from William S. Hein & Co., Inc. Recently featured on newswire.com, this collection reprints many important government documents and academic source materials relevant to gambling issues.

This series is made up of three books:

  • Gambling: Executive Summaries and Recommendations
  • Gambling with National Security, Terrorism, and Military Readiness
  • Gambling with Crime, Destabilized Economies, and Financial Systems

Each volume includes the Recommendations of the 1999 U.S. National Gambling Impact Study Commission (NGISC) and observations by Chair Kay C.

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United States International Gambling™ Report Series – New from Hein!

2009, Business/Economics, Law Reform, Public Law and Policy, United States International Gambling Reports admin

Edited by: John W. Kindt

The United States International Gambling™ Report Series, the first academic collection to deal comprehensively with gambling, is now available from William S. Hein & Co., Inc. This special collection reprints many important government documents and academic source materials relevant to gambling issues. This collection includes pronouncements from social leader Jesse Jackson, reprints Warren Buffett’s insights on the impact of gambling, and contains references to news icons such as Walter Cronkite. This series is made up of three books: Gambling: Executive Summaries and Recommendations; Gambling with National Security, Terrorism, and Military Readiness; and Gambling with Crime, Destabilized Economies, and Financial Systems.
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