@Spearmaster 130804 wrote:
There was never any hope that the Treasury would get the provisions of the UIGEA ready in 270 days. With practically every financial institution against the concept, the only way this could have been done was to alienate the entire banking system.
That being said, I don’t think any of the operators who bid goodbye are planning to come back any time soon.
I agree. I didn’t think they could get a serious piece of legislation in unchartered territory in 270 days. I suspected they would extend the deadline indefinetely until they finally do have political resolve. It was a “warning” or a “scare” tactic.
There’s hope.. A new more liberal political government will be in place the next election. Let’s see how the programs respond.