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Default New Bailout Plan


From: http://www.notthelatimes.com/vegasbailout.html

Obama urges $75-billion bailout for 'responsible' Vegas gamblers

Some knew risks, but others were misled by 'predatory' blackjack dealers and
'hypnotic flashing lights' on slot machines, he says.

By J.P. Hutstuffer, Staff Writer


After bailing out AIG, Citibank and homeowners who signed up for mortgages
they couldn't afford, President Obama now wants to rescue another group of
financial washouts - Las Vegas gamblers.

Although critics say the proposal would reward people who took dangerous
risks, Obama insists the bailout is aimed at "responsible gamblers."

"Yes, some folks knew the odds when they placed bets," the president said.
"But many were duped into emptying their wallets by predatory blackjack
dealers, cheap cocktails and fancy slot machines with hypnotic flashing
lights."

The $75-billion bailout package, officially known as the MGM-Mandalay Bay
Recovery Act of 2009, also earmarks funds for arcade customers who spent all
their money trying to win a stuffed animal from one of those claw vending
machines.

 
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