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Posted by James Breen at 9 May 2008 20:47

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News from a casino that's about an hour from me.  This may interest you if you're in college, and want to plunk down your textbook money at a soft 1-2 game. Tama casino offers poker to gamblers under age 21 The Meskwaki Indian tribe plans to offer poker to 18- to 21-year-old gamblers next month at its Tama casino, but state regulators said the young players will be barred from slot machines, blackjack and other games. State law prohibits people under 21 from casino gambling, but the tribe .. full post.

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People file for bankruptcy because they're in debt. The more debt there is, the more bankruptcies there are. Well, duh! It really is that simple. When compared to the level of borrowing, the rate of bankruptcy has remained fairly steady. In 1977, 74 bankruptcies were filed for every $100 million of consumer debt. In 1997, 73 bankruptcies were filed for every $100 million of consumer debt. Bankruptcy isn't the cause of debt but rather is the result. And it isn't the disease but rather is one of the cures. Restricting access to bankruptcy court won't solve the problem of debt any more than closing the hospitals will cure a plague.


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