Sport is made for betting

Interesting test for Australian firms and their social responsibility policies. News.com link Should government agencies be allowed to offer credit, and then continue to offer it when a customer shows obvious signs of addiction? This case has already been blocked by the public prosecutor, very interesting to see it taken again. The guy obviously has problems but firms do have a responsibility to ensure customers are able to pay with their own legitimate source of money too.

This case has been brewing a while, and it surprises me that TAB Ltd (now part of TABCorp) hasn't been taken to task on it. A NSW lawyer lost millions of other people's money and was given credit by a government agency. Yes, he is responsible for his own actions but the government shouldn't have been a party to encouraging him. Their addiction to gambling taxes is bigger than any individual punter. Click here for the article.

Rogue traders are again in the news, manipulating the money markets in order to reap multi-million pound bonuses. Banks and hedge funds are the greediest gamblers of the lot. There's no social responsbility attached to the financial industries, unlike the gambling industry. And people think horse racing is bent..... Another Telegraph story You can bet your last pennies that there will be stories like this to come as the credit crunch continues...