“How can a bookie go broke?…. Let the gov’t run it”

By: ashland_avenue (Diary)  |  December 6th at 09:16 PM  | 

This is what happens to private enterprise when taken over the government.  In this case, state government: December 4, 2009 12:22 PM Cravath On OTB Bankruptcy in First-Ever Case as Debtor Counsel Posted by Julie Triedman In a rare Chapter 9 filing, New York City Off-Track Betting Corp. filed for bankruptcy Thursday in federal bankruptcy court in New York City. NYC OTB, created in 1971 | Read More »