February 11, 2009 - With tourism down about 4.5 percent in Las Vegas, the strip could really use a visit from bankers with deep pockets. That’s why it hurt especially bad when Goldman Sach and Wells Fargo bailed out on plans to take business trips to Las Vegas recently. Yesterday Las Vegas tourism officials worried that the 8 billion dollar meeting business the city has pained to build over 25 years may be in jeopardy with legislators using Las Vegas as the whipping boy for economic excess. The evidence for that came from the president on Monday when he said "You . . . cant take a trip to las vegas . . . on the taxpayers dime." The famous mob Mayor Oscar Goodman called that ourtragous and fired of a letter to the president demanding a retraction.
One group that isnt bailing out on its plans to visit sin city is The American Securitization Association. It's members are responsible for inventing the mortgage-backed securities bonds whose failure led to the global financial crash. That group didnt get any bail out money but they still have plenty of money to stay and play at the Venetian.