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(Some Guy) Interesting In an effort to avoid foreclosure, couple decides to raffle off home for $100 a ticket. State claims that this is a violation of the "Bank Bingo and Mortgage Pinball Act of 1829"   (koat.com) divider line 50
More: Interesting  

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Toshiro Mifune's Letter Opener [TotalFark] 2008-04-19 06:07:21 PM  
MULTIBAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAALL

... void where prohibited.

 
Weaver95 [TotalFark] 2008-04-19 06:18:28 PM  
so...gambling with sub-prime mortage market investments = GOOD.
Raffling off house to avoid forclosure = BAD.

That's a rather curious distinction, don't you agree?

 
slobarnuts 2008-04-19 06:52:43 PM  
Wow, that wasn't just a made up law.

 
Voldemort 2008-04-19 07:37:30 PM  
Hey, it's a neat idea. Here's a similar idea: Win this Colorado house with an essay (new window)

 
deltabourne 2008-04-19 07:38:09 PM  
Weaver95: so...gambling with sub-prime mortage market investments = GOOD.
Raffling off house to avoid forclosure = BAD.

That's a rather curious distinction, don't you agree?


Illogic? In MY government?

 
oh_noes111 2008-04-19 07:41:27 PM  
Illogic? In MY government?

It's more likely than you think.

 
potee 2008-04-19 07:42:11 PM  
If a private organization creates a lottery where people can wager money on random chance, we call the people who run the private lotteries "numbers racketeers" and send them in prison, because lotteries encourage the poor and the stupid to throw their money away.

If the government creates a lottery where people can wager money on random chance, we call name the lottery some extremely perky name which gives false hope to a system of astronomical odds, which encourages the poor and the stupid to throw their money away.

 
specialk111 2008-04-19 07:42:13 PM  
Deaf, dumb AND blind

 
undflickertail 2008-04-19 07:47:07 PM  
Weaver95: o...gambling with sub-prime mortage market investments = GOOD.
Raffling off house to avoid forclosure = BAD.

That's a rather curious distinction, don't you agree?


Yes and no. CNBC has Deal or No Deal on right now followed by the Poker Championships. Read out of that what you will.

 
Trance750 [TotalFark] 2008-04-19 07:52:00 PM  
potee: If a private organization creates a lottery where people can wager money on random chance, we call the people who run the private lotteries "numbers racketeers" and send them in prison, because lotteries encourage the poor and the stupid to throw their money away.

If the government creates a lottery where people can wager money on random chance, we call name the lottery some extremely perky name which gives false hope to a system of astronomical odds, which encourages the poor and the stupid to throw their money away.



But it's their money. If they want to blow their paycheck on lottery tickets, let 'em.

Just don't expect any sympathy from me when you spend all your money gambling, and not enough to pay the bills.

 
All Apologies 2008-04-19 07:53:19 PM  
Apparently the submitter is a time traveller, because the decision won't be made until next week.

Is that you, time traveling newspaper ad guy?

 
jake3988 2008-04-19 07:53:41 PM  
There's actually a Bingo and Raffle Act?

WTF?

 
Gunny Walker 2008-04-19 07:55:31 PM  
How about who ever can correctly use the most puntuation marks in a coherent essay? That should make it a game of skill.

 
The Iconoclast [TotalFark] 2008-04-19 08:00:07 PM  
It takes skill to write an winning essay, I would think.

 
stanank 2008-04-19 08:02:37 PM  
article never mentioned foreclosure. nice one subby.

 
andrew131 [TotalFark] 2008-04-19 08:02:47 PM  
All Apologies: Apparently the submitter is a time traveller, because the decision won't be made until next week.
Is that you, time traveling newspaper ad guy?


I don't believe the headline says anything about a ruling.

 
Taste of Human 2008-04-19 08:04:25 PM  
where does TFA mention foreclosure?

 
GoodOmens 2008-04-19 08:05:45 PM  
I'm writing a 12 page paper right now on the Sub-prime crisis, the fed bailout of bear stearns, and the similarity to the 1982 Penn Square Bank / Seattle First national bank bailout so I am getting a kick out of these replies.

/In reality I'm taking a break to prevent myself from pulling out my hair
//I promised myself if I got at least 6 pages done I could drink a few delirium tremens I have in the fridge to ease the pain
///Back to writing

 
tonesskin [TotalFark] 2008-04-19 08:09:03 PM  
Hey guys, if you read the article you will learn that this family is selling the house because it was the site of a 1928 murder and the place is haunted.

/as accurate as the headline

 
Barakku [TotalFark] 2008-04-19 08:11:19 PM  
Toshiro Mifune's Letter Opener: MULTIBAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAALL

... void where prohibited.


We're up seven blurns!

 
All Apologies 2008-04-19 08:20:55 PM  
andrew131: All Apologies: Apparently the submitter is a time traveller, because the decision won't be made until next week.
Is that you, time traveling newspaper ad guy?

I don't believe the headline says anything about a ruling.


The state claims it may be, not it is, they'll decide next week on whether it is or not.

State claims that this is a violation of the "Bank Bingo and Mortgage Pinball Act of 1829"

In a week they may, they haven't decided whether it is or not.

 
SomeGuyFromColorado 2008-04-19 08:29:51 PM  
I think the real message here is that you can't fight City Hall. And let's be honest here: you can indeed fight City Hall. But you won't win.

 
turbidum 2008-04-19 08:35:37 PM  
Since it was legal in The Spitfire Grill, it must be legal in real life, no?

 
Weaver95 [TotalFark] 2008-04-19 08:36:40 PM  
SomeGuyFromColorado: I think the real message here is that you can't fight City Hall. And let's be honest here: you can indeed fight City Hall. But you won't win.

Actually, as long as you make sure City Hall gets a cut of the take, you can pretty much do whatever you want.

 
kilgorn 2008-04-19 08:37:42 PM  
SomeGuyFromColorado
I think the real message here is that you can't fight City Hall

No, but you can wrestle it...

 
SomeGuyFromColorado 2008-04-19 08:39:31 PM  
Weaver95: SomeGuyFromColorado: I think the real message here is that you can't fight City Hall. And let's be honest here: you can indeed fight City Hall. But you won't win.

Actually, as long as you make sure City Hall gets a cut of the take, you can pretty much do whatever you want.


Not in Glenwood Springs, Colorado. I want to move to a town where this is true. Soon.

 
safeinsane 2008-04-19 09:03:25 PM  
If I recall correctly, I used to work a part-timer at Target that used to collect $5 a person for a chance at winning his paycheck.

Hey, if $5'll (almost) get you $50, why the hell not?

/never went for it

 
jack21221 2008-04-19 09:08:30 PM  
kilgorn: SomeGuyFromColorado
I think the real message here is that you can't fight City Hall

No, but you can wrestle it...


You can Killdozer it.

 
jimhill 2008-04-19 09:17:22 PM  
Hey, I sold a house last fall in White Rock (which technically is part of Los Alamos). It took me 3 times as long as normal market stays for the neighborhood and I took a $25,000 loss, but I got rid of the sumbiatch. I don't blame these folks for trying something different to move the property in a stale market...and one can count on the wife's cousin's friends who make up most of New Mexico's state government to decree that this competition is actually a raffle and therefore a no-go.

/Loves renting
//Hated owning
///Freeeeeedoooom!

 
Earguy [TotalFark] 2008-04-19 09:20:25 PM  
In my state, my wife's little charity group has to get a license to run a raffle, and the application includes proof that it's really a charity. Even the high school band boosters have to do this.

Otherwise, it could just lead to people running a numbers game from their garage. Now, we can debate the difference between a state-sponsored lottery and a South Philly organized crime racket, but the family raffling their house should have followed the rules and did not think their cunning plan all the way through.

 
jimhill 2008-04-19 09:24:14 PM  
Earguy:

The family's been banging their heads against a wall since the press incessantly refers to this as a raffle, which it isn't. It's an essay contest with an entrance fee.

 
Earguy [TotalFark] 2008-04-19 09:26:14 PM  
jimhill: Earguy:

The family's been banging their heads against a wall since the press incessantly refers to this as a raffle, which it isn't. It's an essay contest with an entrance fee.


Oh, I was supposed to read the article? Bah!

 
wmoonfox 2008-04-19 09:35:55 PM  
Well, we can't have the bank miss out on collecting it's due. I mean, think of the starving bankers!

 
SomeGuyFromColorado 2008-04-19 09:38:40 PM  
Earguy: jimhill: Earguy:

The family's been banging their heads against a wall since the press incessantly refers to this as a raffle, which it isn't. It's an essay contest with an entrance fee.

Oh, I was supposed to read the article? Bah!


___________________________________________________________________________

Crazy talk!

 
tomasso [TotalFark] 2008-04-19 09:45:58 PM  
What they are doing is almost certainly legal. The three requirements for an illegal game of chance are:

1) chance
2) consideration
3) a prize

While they are demanding consideration and awarding a prize, there is no chance involved. The winner will be based on an essay contest.

If it were a random drawing, then it would be an illegal game of chance.

 
jefvos 2008-04-19 09:52:26 PM  
Link (new window)

 
andrew131 [TotalFark] 2008-04-19 10:18:28 PM  
All Apologies: The state claims it may be, not it is, they'll decide next week on whether it is or not.

Good job, claim != ruling. Therefore, the headline is correct.

 
All Apologies 2008-04-19 10:41:32 PM  
andrew131: All Apologies: The state claims it may be, not it is, they'll decide next week on whether it is or not.

Good job, claim != ruling. Therefore, the headline is correct.


I don't know how you can confuse is a violation with might not be legal under state law.

Is there a difference between is and might?

You're the subby aren't ya?

 
tonesskin [TotalFark] 2008-04-19 11:23:03 PM  
andrew131: All Apologies: The state claims it may be, not it is, they'll decide next week on whether it is or not.

Good job, claim != ruling. Therefore, the headline is correct.


Really? Consider this statement:

"andrew131 may be a genius."

See, may be != "is." And a "may be" often ends up being decided in the negative, as illustrated by my statement.

 
Haoie 2008-04-20 03:24:13 AM  
Raffles are so, pointless.

Not as much so as the lottery, but still.

 
Jument 2008-04-20 03:44:20 AM  
All Apologies: Is that you, time traveling newspaper ad guy?

Remember: must bring your own weapons, and he only done this once before.

 
carrot 2008-04-20 07:04:45 AM  
Yet the winning entry only submitted one red paper clip.

 
gadian [TotalFark] 2008-04-20 08:06:23 AM  
I loved owning my own home. In my area because of enormous quantaties of secion 8 housing users and the fact that many of the rest are military and the military will pay a huge housing allowance (huge for this geographic area) the price of renting a decent place is almost double that of paying a non-adjustable rate mortgage payment and comes with more aggravation too.

If I were staying in the area, I'd buy another house. Renting, at least in this area, is for the suckers, transients, or government hand-out getters.

/Would write a helluva an essay for a decent house. Let me buy your foreclosure.

 
mr lawson 2008-04-20 10:39:57 AM  
carrot: Yet the winning entry only submitted one red paper clip.

win!

 
Bacontastesgood 2008-04-20 04:48:07 PM  
Gunny Walker: How about who ever can correctly use the most puntuation marks in a coherent essay? That should make it a game of skill.

can i l33t? how bout !!!!1!!1!!!!2!1eleventy!!!!11!?

 
andrew131 [TotalFark] 2008-04-20 05:58:03 PM  
All Apologies:
I don't know how you can confuse is a violation with might not be legal under state law.
Is there a difference between is and might?
You're the subby aren't ya?


FTFA
But the Gaming Control Board said the contest might not be legal under state law.

The fact remains, the state can claim anything it wants, like when someone is charged with murder. The state claims the defendant murdered someone, claim != finding.

Good job, tards.

 
andrew131 [TotalFark] 2008-04-20 05:59:14 PM  
tonesskin:
Really? Consider this statement:
"andrew131 may be a genius."
See, may be != "is." And a "may be" often ends up being decided in the negative, as illustrated by my statement.


No, you're confusing the whole goddamn argument.

 
Nemo's Brother 2008-04-20 10:10:28 PM  
In a unrelated note, fark Mayor Wilder of Richmond, VA

 
Inihilus 2008-04-21 07:09:41 AM  
Voldemort: Hey, it's a neat idea. Here's a similar idea: Win this Colorado house with an essay (new window)

Interesting. The rules and conditions don't limit this to the US.

 
Bob Dolemite [TotalFark] 2008-04-22 10:24:13 AM  
In an effort to avoid foreclosure

I assume you are assuming this bit of information submitter

 
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