Wednesday, December 2, 2009

U.S. Treasury delays ban on Internet gambling in hopes of breaking even

From Thes Poof:
Washington, D.C. - The US Treasury delayed implementation of a ban on financial institutions from doing transactions with Internet gambling sites. Originally set up as a way to curb unregulated Internet gambling, the Treasury decided to extend gambling six months in order to break even on its own debts.

US Treasury Secretary Timothy Geithner pushed for the rule after leading the Treasury into $135 billion in additional debt when he thought he was on a hot streak in Internet poker.

"I watched a marathon of World Series of Poker on ESPN and I thought, "Hey, how hard can this be? It's all probability and statics, and I rocked stats back in Dartmouth". Well, while I made money on some beginners, as I upped the ante I found myself going against more skilled players. Before I knew it the Treasury was out $135 billion," Geithner testified before the Senate Finance Committee.

Geithner said that a six months extension on the debt, plus time he's spent reading poker strategy guides online, will allow him to break even and get the Treasury back in black.

"I know I've let you down, and Christmas will be a little lean this year, but if I get a little more time I can win it all back. All I need is an extension of credit and the deed to the White House for collateral," Geithner said....MORE
From Zillow.com:
1600 Pennsylvania Ave NW Washington DC 20006
16 beds, 35.0 baths, 55,000 sq ft
Zestimate®: $304,759,000

A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value.Learn more

Where's the Zestimate?
County transactional data for this home is insufficient so we cannot calculate a Zestimate. But we are adding data all the time, so be sure to come back.

Monthly Payment Assumptions

%
% ($60,951,800)

Estimated payment: $1,269,582


  • Owner provided image

  • Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow.com, please let us know by completing the information above.

Owner Facts:
  • 16 beds
  • 35.0 bath
  • 55,000 sqft
  • Lot 784,080 sqft
  • Built in 1792
Home Description:
Built in 1792, this magnificent 132-room mansion is the rarest of homes in the U.S....

ZESTIMATE®: $304,759,000

Zestimate
A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value.
Learn more

The Value Range is the high and low estimated market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table
  • Value Range: $143,236,728 - $405,329,464
  • 30-day change: -$366,000
  • Zestimate updated: 11/30/2009

See all charts & data

Walk Score™: 97 – Walkers' Paradise

What is a Walk Score?
Walk Score measures how walkable an address is based on the distance to nearby amenities. Learn how it works

Posted by at