Matusow Truth Blog

Why Stock Markets down/unstable, plus some economic ideas.

The real reasons stock Markets down/unstable;

1. Computer traded markets trending markets lower so greedy big bankers/INT’S can win their July contract cheap puts of general market indices, mainly S AND P at or below 1150.. Late morning/afternoon today, stocks will go up.

2. Institutional buying; computer trading systems are fed info when int’s want to buy a position and with a lack of a strong bid, will take the price to a point where a large INT wants to get shares.

Read The rest @ Why Stock Markets down/unstable, plus some economic ideas.

Why The Markets tanked, and why they will be ok for now

2011-08-09T20:21:00.000-07:00

Why The Markets tanked, and why they will be ok for now

Don’t Gamble with the IRS; Creative Poker associates seminar info here

2011-07-04T12:36:00.000-07:00

Don’t Gamble with the IRS; Creative Poker associates seminar info here

Tony G and I talk about FTP situation

2011-07-04T11:28:00.000-07:00

Tony G and I talk about FTP situation

Full Tilt Poker controlling interest sold, USA players to be paid as part of deal

2011-06-30T20:34:00.000-07:00

Full Tilt Poker controlling interest sold, USA players to be paid as part of deal

FullTilt Poker is not done, read this to find out why

2011-06-29T11:40:00.000-07:00

FullTilt Poker is not done, read this to find out why

Full Tilt’s Gambling Licenses Suspended

2011-06-29T10:31:00.000-07:00

Full Tilt’s Gambling Licenses Suspended

Poker; Game of skill or game of luck?

2011-06-27T21:33:00.000-07:00

Poker; Game of skill or game of luck?

Why I consider Phil Hellmuth to be the greatest poker player of all time.

2011-06-21T12:33:00.000-07:00

Why I consider Phil Hellmuth to be the greatest poker player of all time.

Bill to legalize online poker could be introduced next week

2011-06-18T11:35:00.000-07:00

Bill to legalize online poker could be introduced next week

“Hot Potato” with Lebron James, We are witnesses!

2011-06-13T23:26:00.000-07:00

“Hot Potato” with Lebron James, We are witnesses!

Online Poker Likely to be Legalized in US by Year’s End

2011-06-12T17:20:00.000-07:00

Online Poker Likely to be Legalized in US by Year’s End

American Players wearing FTP patches at WSOP are a disgrace!

2011-06-08T03:46:00.000-07:00

American Players wearing FTP patches at WSOP are a disgrace!

Why are they a disgrace you ask? Well their fellow Americans have not yet been paid by FTP, and not even the patch wearers are being paid currently. I have no problem with an Euro player, Canadian player, heck any non USA resident player wearing The FTP patch, as FTP is legally allowed to do biz in those countries. However, as we all know, FTP is not allowed to serve American players, and are not allowed to play on FTP for money!

Allen Cunningham took some shit yesterday at The WSOP for wearing his patch. He should expect to take shit, as long as it is not out of line shit and overly rude and vile. Allen is said to have responded to the player giving him shit, “Hey you buy stuff made in China” LOL!! Horrible Analogy Allen;

The last time I checked, it is perfectly LEGAL to buy stuff made in China. Sure, I think a lot of us would like to see more American made products being bought and sold here, but WTF does any of us buying something perfectly legal and allowed for us to buy, have to do with FTP not paying USA players, and USA players NOT BEING ALLOWED to play for money on FTP? We have a choice to buy or not buy Chinese products, We do not have a choice as Americans when it comes to FTP now do we? Man Allen, that is really a lame excuse.. Man up and tear off that patch!!

I think it is a flat out slap in the face to those of us who are owed money by FTP, and cannot play for money on FTP, when FTP sponsored AMERICAN players wear FTP patches at an AMERICAN sponsored and played in our country event!

The next time any of you see someone wearing an FTP patch, ask them “WHAT IS IN IT FOR YOU?” There has to be something in it for them to be so bold and brazen to wear the patch of a company who owes over 100 million dollars to US AMERICAN PLAYERS!

Notice that Mike is not wearing The FTP patch.. I was as strong here in my opinion as I was with My Brother not to wear the patch. I am glad Mike has chosen to do the right thing, or even better said, chosen NOT to do the wrong thing…

You players wearing FTP patches, think about it carefully the message you are sending out there. Remember, The WSOP will not allow patches to be worn on the featured tables. The WSOP is an American event, FTP hoping to attract new AMERICAN PLAY MONEY ACCOUNTS? lol!!

So why are you wearing those patches? TEAR THEM OFF until at least FTP settles what is owed to American players! And Yes, FTP does have a target date to pay, and I beleive they will meet that target.. However, SHOW ME DA MONEY, Then wear that patch proudly! Wear it now, WEAR IT IN SHAME!

My Life Ramblings

2011-06-08T03:26:00.000-07:00

My Life Ramblings

Random thoughts; Life, family, poker, Ivey, etc

2011-06-03T23:35:00.000-07:00

Random thoughts; Life, family, poker, Ivey, etc

The Disingenuousness of Phil Ivey

2011-06-02T02:43:00.000-07:00

The Disingenuousness of Phil Ivey

Time for a change–A real college football playoff scenario that works

2011-05-26T17:15:00.000-07:00

Time for a change–A real college football playoff scenario that works

Hi Chicago, My name is Udonis Haslem

2011-05-20T15:21:00.000-07:00

Hi Chicago, My name is Udonis Haslem

Those who enjoy my blog and show, please take a moment to read this

2011-05-11T09:45:00.000-07:00

Those who enjoy my blog and show, please take a moment to read this

USA online poker sites based in Nevada? Sooner than you think!

2011-05-08T21:21:00.000-07:00

USA online poker sites based in Nevada? Sooner than you think!

Full Tilt laggin in paying USA Players, what does this mean?

2011-05-08T21:17:00.000-07:00

Full Tilt laggin in paying USA Players, what does this mean?

Arrogance; Meet The Zen Master, Phil Jackson

2011-05-03T14:52:00.000-07:00

Arrogance; Meet The Zen Master, Phil Jackson

Busy setting my blog up, Online poker will return to USA

2011-04-29T16:56:00.000-07:00

Busy setting my blog up, Online poker will return to USA

I am leaving Make Poker Legal, moving to scottmatusow.com

2011-04-26T15:21:00.000-07:00

I am leaving Make Poker Legal, moving to scottmatusow.com

Hey guys, Scotty with you here. I have decided to leave Makepokerlegal.com and start my own website, scottmatusow.com. I wish MPL the best in the future moving forward. I am leaving mainly because I would like to go in another direction with my show and the same with my blogs. I will be updating you all about the current online poker debacle as soon as I receive new and pertinent information as it regards to you guys getting paid, and the state of online poker opening up from Nevada.

You can follow me on http://www.twitter.com/scottmatusow and my Facebook, http://www.facebook.com/TheScottMatusowShow Mike Matusow will also be doing a new show on my new site, so look for that soon! Hope to see you all there, and big shout out to quadjacks online radio show on Justintv.com!! YO!!

Vacation Getaway Sweepstakes From Make Poker Legal and New Sponsor The Majestik Poker Tour

2011-04-22T19:25:00.000-07:00

Vacation Getaway Sweepstakes From Make Poker Legal and New Sponsor The Majestik Poker Tour

Frank Mir $1,000 UFC Online Bounty Poker Tournament Freeroll

2011-04-20T17:31:00.000-07:00

Frank Mir $1,000 UFC Online Bounty Poker Tournament Freeroll

US online poker players to receive access to their funds soon

2011-04-20T09:00:00.000-07:00

US online poker players to receive access to their funds soon

How “Black Friday” should have been avoided

2011-04-19T18:36:00.000-07:00

How “Black Friday” should have been avoided

This whole mess could have been avoided if the sites and PPA actually took the right route in this. That is, leaving The USA Market in 2006, then fighting very hard to bring suits challenging the UIEGA’S legality in whole, while pushing for real regulation at the same time. The sites had ample time to do so. but choose to be somewhat apathetic in their efforts. So while it is somewhat bullshit, seeing that real criminals, such as many in the financial sector and WallStreet should be the ones prosecuted. However, FTP, PS, and AP brought this on themselves if you step back and consider everything that has gone on.

Read the rest of this post at How “Black Friday” should have been avoided

The Silver Lining of “Pokergeddon”

2011-04-19T17:09:00.000-07:00

The Silver Lining of “Pokergeddon”

2011-04-19T16:37:00.000-07:00

The Silver Lining of “Pokergeddon”

Government Seizure Affects UFC Sponsorship Deal With Full Tilt Poker

2011-04-19T16:31:00.000-07:00

Government Seizure Affects UFC Sponsorship Deal With Full Tilt Poker

Isle of Man Statement On Poker Indictments

2011-04-19T16:24:00.000-07:00

Isle of Man Statement On Poker Indictments

VIDEO: Online Gaming May Be Legalized Again?

2011-04-19T05:59:00.000-07:00

VIDEO: Online Gaming May Be Legalized Again?

Online poker busts; what we can expect to come next

2011-04-16T17:31:00.000-07:00

Online poker busts; what we can expect to come next

Simply put, these sites cannot meet any cash out demands because these assets, along with more assets, are frozen and will be frozen. I expect legit payment processors to ” run for cover” and distance themselves from FTP and PS. Now FTP issued a statement claiming they beleive online poker is legal, as do ” some of the best legal minds in The USA”.. Well, SO DO I!!

Read the rest @ Online poker busts; what we can expect to come next

UPDATE: Complete DOJ Indictment On Full Tilt, Pokerstars & Absolute Poker Released

2011-04-16T14:03:00.000-07:00

UPDATE: Complete DOJ Indictment On Full Tilt, Pokerstars & Absolute Poker Released

The Pokerstars and Fulltilt situation, some facts and my opinion on what is next

2011-04-16T03:21:00.000-07:00

The Pokerstars and Fulltilt situation, some facts and my opinion on what is next

First off, in spite of what FTP and PS says, this does effect players beyond The USA. 76 Bank accounts have been frozen by The Feds in 14 countries world wide. Simply put, these sites cannot meet any cash out demands because these assets, along with more assets, are frozen and will be frozen. I expect legit payment processors to ” run for cover” and distance themselves from FTP and PS. Now FTP issued a statement claiming they beleive online poker is legal, as do ” some of the best legal minds in The USA”.. Well, SO DO I!! but this is not about online poker in and of itself, but offshore sites engaging in alleged money laundering and fraud, in order to CIRCUMVENT THE UIEGA, tricking banks to process these payments, when The UIEGA clearly states it is illegal for them to do so, WILLINGLY, KNOWLINGLY!

In my opinion, the only chance FTP and PS has to beat this case, is for their attorneys to argue that the UIEGA in and of itself is unconstitutional. The Federal Reserve is supposed to be the oversite with jurisdiction. How can a privately held institution like The Fed have this kind of authority? Also, it appears to be a violation of “equal protection under the law” Article 9, I beleive. Why were some Sports betting and horse racing sites in The USA and abroad allowed to have their payment processors process these bets, wheras online Poker sites were not? Having said all of this, it is likely you will not see your money ever again. It will be seized by The USA GOV, just like they seize alleged Drug dealers money and possesions. I also beleive The USA will claim that the very servers themselves the sites use to run the games, were built and maintained from “illegal and illicit gains”, therefore they will seize those servers with the aid of foreign countries where the servers reside, and effective shut down FTP and PS indefinetly world wide. I have more to say in the coming days over this issue so stay tuned!

Scott

Read more of this at The Pokerstars and Fulltilt situation, some facts and my opinion on what is next

Online Poker Coming to Washington DC?

2011-04-13T15:48:00.000-07:00

Online Poker Coming to Washington DC?

Cake Poker Being Sued

2011-04-13T10:38:00.000-07:00

Cake Poker Being Sued

On April 5, 2011 a lawsuit was filed by Ryan Bennett and Francois Piette in the Supreme Court of British Columbia against the Cake Poker Network. Bennett & Piette are alleging that the owners of the Cake Poker Network didn’t compensate the people that were its creators. There is an extensive list of complaints that include conspiracy, breach of contract, negligent misrepresentation & fraudulent misrepresentation. Ryan Bennett and Francois Piette seek compensation for an agreement that was made way back in 2004

Read the rest @ Cake Poker Being Sued

Need an extension on your tax returns? Read this blog!

2011-04-09T15:30:00.000-07:00

Need an extension on your tax returns? Read this blog!

The Lakers and Kobe are arrogant

2011-04-08T09:02:00.001-07:00

The Lakers and Kobe are arrogant

Just when it looked like The LA Lakers were set to crush to the one seed out west, and just after an impressive come from behind win against The Utah Jazz at Utah, The Lakers have now dropped 3 straight games. as a life long Laker fan, and knowing this team inside and out, it appears the win at Utah gave The Lakers a sense of “arrogance” as if ” we can come behind from any decifit in any game, and win. During their 3 game losing streak, The Lakers went back to lazy and selfish Basketball, namely Kobe Byrant, holding the ball on offense, allowing defenses to set up in the proper positions, and allowing easy help rotations. Meanwhile, Andrew Bynum continues to post a high field goal percentage during the 3 games, but has not been nearly enough post entries to be an effect scorer. This really bothers me about Kobe and The Lakers. Kobe’s shooting percentage during these 3 games is horrid, as he just continues to insist to put up low percentage shots, hold the ball, dribble into double teams, and try to take over too many games late. The Lakers started off their last loss against The Utah Jazz at home, with good ball movement, post isolation dump offs, and effective pick posting. Bynum gets the ball, Gasol gets the ball, and they ” go to work”… This is what gives The Lakers an advantage over the rest of the NBA.

The Lakers and Kobe are arrogant

Click above link to read the entire blog..

Tax filing for poker players; Tax expert Theresa Fox speaks

2011-04-06T09:14:00.003-07:00

Tax filing for poker players; Tax expert Theresa Fox speaks

NCAA Basketball National Championship Game review and prediction

2011-04-04T10:21:00.000-07:00

NCAA Basketball National Championship Game review and prediction

We are down to 2 teams, one game, with The National Championship to be won tonight by one of these teams. Who would have thought that Butler would be back to the final game after their improbable run last year, the run this year is even more impressive, after losing Senior Guard -Forward Gordon Hayward , an NBA Lottery pick in 2010?

Read the rest @ NCAA Basketball National Championship Game review and prediction

WrestleMania Press Conference, CM Punk & Steve Austin Battle, Bret Hart talks & The Rock getting fined?

2011-04-02T21:55:00.009-07:00

WrestleMania Press Conference, CM Punk & Steve Austin Battle, Bret Hart talks & The Rock getting fined?

My Final 4 Semis matchup predictions

2011-04-02T08:03:00.001-07:00

My Final 4 Semis matchup predictions

April fools on The Scott Matusow Show, see listener convinced to wear tin foil hat!

2011-04-02T03:56:00.000-07:00

April fools on The Scott Matusow Show, see listener convinced to wear tin foil hat!

The Verdict Is In On Former Poker Player Ernest Scherer III Murder Trial

2011-03-31T12:44:00.000-07:00

The Verdict Is In On Former Poker Player Ernest Scherer III Murder Trial

Full Tilt Poker Partnership In Online Poker Deal

2011-03-31T04:21:00.000-07:00

Full Tilt Poker Partnership In Online Poker Deal

Well the strong rumor about Full Tilt Poker in talks with Stations Casinos panned out to be true. Yesterday, March 30 2011 Fertitta Interactive and Full Tilt Poker agreed on a partnership to operate an Online Poker site if/when there is federal approval. Fertitta Interactive is co-owned by the Fertitta brothers Frank Fertitta III and Lorenzo Fertitta (co owners of Station Casinos and Ultimate Fighting Championship (UFC)). The UFC is also a sponsor and provides huge prizes in The Make Poker Legal Online Poker Room. Tom Breitling and Tim Poster (founders of Travelscape which was eventually sold to Expedia.com) are also part of the partnership. Breitling has said that the partnership will only back on legislation on a federal level and not Assembly Bill 258. Assembly Bill 258 is the Nevada Legislature and authorizes the state to legalize Internet poker; which is currently being debated in the state of Nevada. Pokerstars is backing Assembly Bill 258; maybe this is why this new partnership with Full Tilt and Fertitta Interactive is not.

Read the rest @ Full Tilt Poker Partnership In Online Poker Deal

Poker Champion Robert Varkonyi Accuses Hedge Fund Of Fraud

2011-03-30T21:42:00.000-07:00

Poker Champion Robert Varkonyi Accuses Hedge Fund Of Fraud

Station Casinos and Full Tilt Partners?

2011-03-30T13:58:00.000-07:00

Station Casinos and Full Tilt Partners?

Winner of Durrrr Challenge Disqualified

2011-03-30T13:06:00.000-07:00

Winner of Durrrr Challenge Disqualified

There is a lot of controversy surrounding this past Sunday’s finale of Full Tilt Poker’s Challenge Durrrr and who the real winner is. The Durrrr Challenge gave online poker players who play on Full Tilt Poker a chance to play against Tom Dwan aka “Durrrr”. In February players started to earn points while they played cash games over a two week time period. The top 750 poker players would then play in a series of freerolls. Once the final 9 players were determined, they would eventually be a part of the “matrix”. Those 9 players would play 4 sit n go’s against each other to determine who would go on to play Tom Dwan

Readn the rest @ Winner of Durrrr Challenge Disqualified

Michael Mizrachi Deliverance Poker Lawsuit Dismissed

2011-03-30T12:58:00.000-07:00

Michael Mizrachi Deliverance Poker Lawsuit Dismissed

United States District Court Judge James Nowlin has dismissed all claims by Deliverance Poker against Michael Mizrachi, 2010 World Series of Poker (WSOP) Main Event final tablist and Tiltware, LLC, the ownership behind Full Tilt Poker. On March 22nd in the US District Western District of Texas in Austin, Judge Nowlin’s orders on the case and & a full review of his actions. Judge Nowlin ordered that Deliverance Poker’s case be dismissed without prejudice, meaning that – if there were new evidence – the case could be reheard in Federal or state court. Every pending motion as of last week were rendered moot and declared by Judge Nowlin as “hereby closed”.

Read the rest @ Michael Mizrachi Deliverance Poker Lawsuit Dismissed