Stop Predatory Gambling

Bernie Madoff must have Neil Bluhm envy

by spgadmin

Billionaire “something for nothing” investor Neil Bluhm and his financing proposal for a casino in downtown Philadelphia received approval yesterday from the Pennsylvania Gambling Commission.

Bernie Madoff went to prison for his role in what has been called “casino capitalism” – using predatory practices and financial gimmicks to promote an illusion of free money, all at the expense of unsuspecting Americans.

But here is someone like Neil Bluhm bringing a product described by a MIT professor as “a high tech version of loaded dice” into one of the nation’s largest urban areas and it will ultimately reap him hundreds of millions of dollars.

Madoff must have Neil Bluhm envy, knowing that if only he had conceived of splitting his take with state government in the name of funding public services, he would not be spending the rest of his life in a jail cell.