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Notes to myself, possibly of interest to others.
-- Bill Northlich

Wednesday, March 10, 2010

Taibbi on CDS "regulation"

It’s weird enough living in a country where a man can legally own an arsenal of machine guns, but his neighbor growing a pot plant will send a team of DEA agents kicking his door in with a no-knock warrant. But this goes even beyond that. If I go online today to HaveNoLifeAndBetOnSports.com and bet fifty dollars on the Bucks against the Celtics tonight, I’m a criminal. But some gazillionaire firm in New York can legally bet against the United States of America in unlimited amounts in a trade that has nothing to do with anything but a guess about how many other people will make the same bet.
---Matt Taibbi, 3/9

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